Louisville, Blount County, Tennessee Property Taxes
Median LOUISVILLE, TN effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median LOUISVILLE, TN home value: $187,500
Median annual LOUISVILLE, TN tax bill: $1,191, $1,209 lower than the national median property tax bill of $2,400.
How are property taxes in Blount calculated?
Property taxes in LOUISVILLE, 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 LOUISVILLE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LOUISVILLE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Louisville, Blount County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.62%
Estimate Property Tax Bill
$1,163
$1,079
Property Tax Rates Across Louisville, Blount County, Tennessee
Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, each county calculates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Louisville, located in Blount County, Tennessee, the effective property tax rate stands at 0.62%. This rate aligns with both the highest and lowest median tax rates in the state, as observed in the zip code 37777. When compared to the national median property tax rate of 1.02%, Louisville's rate is significantly lower, offering potential savings for property owners. Additionally, the national median property tax bill is $2400, which further highlights the affordability of living in Louisville.
By understanding these rates, property owners in Louisville can better anticipate their tax responsibilities and make informed financial decisions.
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 Louisville Tax Rate
0.62%
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 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 Louisville, Blount County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37777 | 0.62% | 0.62% | 0.62% | 0.62% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Louisville, Blount County, Tennessee
When examining property taxes in Louisville, 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 appraisal district 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 March. 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 Louisville. For example, the median home price in Louisville is $187,500, with tax bills ranging significantly across the county. 37777 has the highest median home price at $187,500.
Property Tax Assessment Values Across Louisville, Blount County, Tennessee
Source: Ownwell
$72,950
$130,225
$187,500
Median Louisville Market Value
$187,500
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 Louisville, Blount County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37777 | $32,900 | $119,500 | $187,500 | $303,000 | $534,800 |
Source: Ownwell
Property Tax Bills Across Louisville, Blount County, Tennessee
In Louisville, Blount County, TN, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is then multiplied by the local tax rate to determine the tax bill. Homeowners in Louisville face a median property tax bill of $1,191, which is significantly lower than the national median of $2,400. This lower tax burden can be attributed to the local tax rate and property values in the area.
Factors such as property size, location, and improvements can impact the assessed value, affecting the overall tax bill. Homeowners at the 25th percentile pay around $740, while those at the 75th percentile face bills of approximately $2,095. For those at the 90th percentile, the tax bill can reach $3,401.
Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By challenging over-assessments and ensuring all eligible exemptions are applied, Ownwell can help reduce the financial burden on homeowners.
Median Louisville Tax Bill
$1,191
Median Blount County Tax Bill
$1,142
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Louisville, Blount County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37777 | $272 | $740 | $1,191 | $2,095 | $3,401 |
Source: Ownwell