Townsend, Blount County, Tennessee Property Taxes
Median Townsend, 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 Townsend, TN home value: $162,400
Median annual Townsend, TN tax bill: $1,011, $1,389 lower than the national median property tax bill of $2,400.
How are property taxes in Blount calculated?
Property taxes in Townsend, 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 Townsend’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Townsend, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Townsend, 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
$1,007
$934
Property Tax Rates Across Townsend, 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 Townsend’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
Townsend in Blount County has an assessed property tax rate of 0.62%. This rate is notably lower than the national median property tax rate of 1.02%. In fact, Townsend shares this rate with other areas in the region, making it one of the lowest in Tennessee. This favorable tax environment is a key consideration for property owners and potential buyers looking to optimize their real estate investments. Lower property taxes can significantly reduce the carrying costs of owning a home, making Townsend an attractive option for those seeking affordability without compromising on the quality of life.
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 Townsend 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 Townsend, Blount County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37882 | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Townsend, Blount County, Tennessee
When examining property taxes in Townsend, TN, 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 Property Assessor 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.
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 Townsend.
For example, the median home price in Townsend is $162,400, with tax bills ranging significantly across the county. Zip code 37882 has the highest median home price at $162,400.
Property Tax Assessment Values Across Townsend, Blount County, Tennessee
Source: Ownwell
$72,950
$130,225
$187,500
Median Townsend Market Value
$162,400
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 Townsend, Blount County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37882 | $54,040 | $93,150 | $162,400 | $260,150 | $388,360 |
Source: Ownwell
Property Tax Bills Across Townsend, Blount County, Tennessee
Median Townsend Tax Bill
$1,011
Median Blount County Tax Bill
$1,142
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Townsend, Blount County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37882 | $332 | $575 | $1,011 | $1,607 | $2,405 |
Source: Ownwell