Grand Junction, Fayette County, Tennessee Property Taxes
Property Taxes in Grand Junction, Tennessee
Median Grand Junction, Tennessee effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, and lower than the Tennessee state median of 0.54%.
Median Grand Junction, Tennessee home value: $52,300
Median annual Grand Junction, Tennessee tax bill: $172, $2,228 lower than the national median property tax bill of $2,400.
How are property taxes in Fayette calculated?
Property taxes in Grand Junction, Tennessee 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 Grand Junction's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grand Junction, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Grand Junction, Fayette County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.32%
Estimate Property Tax Bill
$167
$155
How Does the Grand Junction Property Tax Calculator Work?
Use this Grand Junction property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Grand Junction's median effective tax rate of 0.32% — based on actual property records in Fayette County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Grand Junction's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Grand Junction: rates range from 0.32% in 38039 to 0.32% in 38039, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Grand Junction.
About Grand Junction Property Taxes
About Property Taxes in Grand Junction, Fayette, Tennessee
Grand Junction’s median effective property tax rate of 0.32% is lower than the Tennessee state median of 0.54% and lower than the national median of 1.02%. This rate reflects the Fayette County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Grand Junction. Homeowners in the 38039 ZIP code carry a median effective rate of 0.32%, while those in the same ZIP code pay 0.32%. This spread reflects how school district boundaries and local assessment districts are drawn across Fayette County. Understanding which part of Grand Junction you live in can make a meaningful difference to your annual tax bill.
Grand Junction homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Grand Junction, Fayette County, Tennessee
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Grand Junction's effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
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 Grand Junction Tax Rate
0.32%
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 Fayette County Tax Rate
0.32%
Median Effective Tennessee Tax Rate
0.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grand Junction, Fayette County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38039 | 0.32% | 0.32% | 0.32% | 0.32% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Grand Junction, Fayette County, Tennessee
When examining property taxes in Grand Junction, 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 Fayette 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 Fayette County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Grand Junction.
For example, the median home price in Grand Junction is $52,300, with tax bills ranging significantly across the county. 38039 has the highest median home price at $52,300.
Property Tax Assessment Values Across Grand Junction, Fayette County, Tennessee
Source: Ownwell
$52,300
$250,625
$448,950
Median Grand Junction Market Value
$52,300
Median Fayette County Market Value
$169,900
Median Tennessee Market Value
$213,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grand Junction, Fayette County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38039 | $12,600 | $24,700 | $52,300 | $110,000 | $178,300 |
Source: Ownwell
Property Tax Bills Across Grand Junction, Fayette County, Tennessee
Grand Junction property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing authorities use that value to determine how much each homeowner owes, so the bill can change when a home’s value changes.
For a home with a median home price of $52,300, the tax bill can vary widely depending on the assessment and the tax rate applied. In this area, the 25th percentile tax bill is $80, the 75th percentile tax bill is $355, and the 90th percentile tax bill is $693. The median tax bill is $172 in zip code 38039.
These property taxes help fund local services, but they also affect monthly housing costs and long-term affordability for homeowners. Because tax bills are tied to assessed value, homeowners with similar homes may still pay different amounts if their assessments differ.
Median Grand Junction Tax Bill
$172
Median Fayette County Tax Bill
$575
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Grand Junction, Fayette County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38039 | $41 | $80 | $172 | $355 | $693 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 31 |
Links | |
|---|---|
| Fayette Tax Assessor | |
| Website | assessment.cot.tn.gov |