Alcoa, Blount County, Tennessee Property Taxes

Name: Property Tax Bills Across Alcoa, Blount County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Alcoa, TN effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Alcoa, TN home value: $131,800
Median annual Alcoa, TN tax bill: $1,476, $924 lower than the national median property tax bill of $2,400.

How are property taxes in Blount calculated?

Property taxes in Alcoa, TN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Alcoa’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alcoa, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Alcoa, Blount County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$1,555

$1,443

Ownwell’s Alcoa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alcoa with just two data points. By entering your property's estimated assessed value, our calculator applies Alcoa’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Blount County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Alcoa, Blount County, Tennessee

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Alcoa’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.

In Blount County, where Alcoa is located, the median property tax rate stands at 1.18%. This rate is slightly above the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2,400, property owners in Alcoa might find their tax obligations slightly higher. However, Alcoa's rate is consistent with the state median, offering a sense of predictability for homeowners. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Alcoa, Blount County, Tennessee

Source: Ownwell

0.62%

0.90%

1.18%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Alcoa Tax Rate

1.18%

Median Effective Blount County Tax Rate

0.62%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Alcoa, Blount County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37701	0.62%	1.18%	1.18%	1.19%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Alcoa, Blount County, Tennessee

When examining property taxes in Alcoa, Tennessee, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Blount County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Blount County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Alcoa. For example, the median home price in Alcoa is $131,800, with tax bills ranging significantly across the county. Zip code 37701 has the highest median home price at $131,800.

Property Tax Assessment Values Across Alcoa, Blount County, Tennessee

Source: Ownwell

$72,950

$130,225

$187,500

Median Alcoa Market Value

$131,800

Median Blount County Market Value

$163,800

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Alcoa, Blount County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37701	$74,520	$97,400	$131,800	$224,800	$356,440

Source: Ownwell

Property Tax Bills Across Alcoa, Blount County, Tennessee

In Alcoa, Blount County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the property tax bill. Factors such as property improvements or changes in market conditions can influence a home's assessed value, impacting the overall tax bill. The median home price in the area is $131,800, with tax bills ranging significantly, from the 25th percentile at $1,051 to the 90th percentile at $4,017. The median property tax bill for the region is $1,476, which is below the national median of $2,400, offering a relatively affordable tax burden for homeowners. Ownwell assists homeowners by providing expert property tax appeal services, ensuring that they are not overpaying on their property taxes. By reviewing assessments and identifying potential discrepancies, Ownwell helps homeowners secure potential savings, making property ownership more financially manageable.

Property Tax Bills Across Alcoa, Blount County, Tennessee

Source: Ownwell

$446

$961

$1,476

Median Alcoa Tax Bill

$1,476

Median Blount County Tax Bill

$1,142

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Alcoa, Blount County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37701	$691	$1,051	$1,476	$2,427	$4,017

Source: Ownwell