Bean Station, Grainger County, Tennessee Property Taxes

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

Median Bean Station, TN effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Bean Station, TN home value: $109,550
Median annual Bean Station, TN tax bill: $588, $1,812 lower than the national median property tax bill of $2,400.

How are property taxes in Grainger calculated?

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

Last Updated March 1, 2025

Bean Station, Grainger County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.59%

Estimate Property Tax Bill

$646

$600

Ownwell’s Bean Station Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bean Station with just two data points. By entering your property's estimated assessed value, our calculator applies Bean Station’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 Grainger County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bean Station, Grainger County, Tennessee

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 Bean Station’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S. In Grainger County, where Bean Station is located, the median property tax rate is 0.59%, which is significantly lower than the national median of 1.02%. This makes the region appealing for homeowners seeking lower property tax bills. While the highest and lowest median tax rates in the area are the same at 0.59%, it is essential to consider how these rates impact your annual property tax bill compared to the national median bill of $2,400. Understanding these differences can guide homeowners in making informed decisions about their property investments.

Property Tax Rates Across Bean Station, Grainger County, Tennessee

Source: Ownwell

0.59%

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 Bean Station Tax Rate

0.59%

Median Effective Grainger County Tax Rate

0.59%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bean Station, Grainger County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37708	0.15%	0.59%	0.59%	0.59%	0.59%

Source: Ownwell

Property Tax Assessment Values Across Bean Station, Grainger County, Tennessee

When examining property taxes in Bean Station, 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 Grainger 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.

In Grainger 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 Bean Station. For example, the median home price in Bean Station is $109,550, with tax bills ranging significantly across the county. Zip code 37708 has the highest median home price at $109,550.

Property Tax Assessment Values Across Bean Station, Grainger County, Tennessee

Source: Ownwell

$87,500

$123,050

$158,600

Median Bean Station Market Value

$109,550

Median Grainger County Market Value

$110,900

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bean Station, Grainger County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37708	$24,100	$58,200	$109,550	$173,100	$251,310

Source: Ownwell

Property Tax Bills Across Bean Station, Grainger County, Tennessee

In Bean Station, located in Grainger County, TN, property tax bills are calculated based on the assessed value of a home, which is often a percentage of its market value. The local tax rate is applied to this assessed value, resulting in the property tax bill. Factors such as the home's location, size, and any applicable exemptions can influence the assessed value and, consequently, the tax bill. While the median property tax bill in Bean Station is $588, lower than the national median of $2,400, homeowners can still face financial strain, especially as property values change.

Homeowners can benefit from appealing their property tax assessments if they believe their property has been overvalued. Ownwell assists homeowners in navigating the complexities of property tax appeals and exemptions. By leveraging expert knowledge and local data, Ownwell can help ensure that homeowners are not overpaying on their property taxes, potentially saving them significant amounts annually.

Property Tax Bills Across Bean Station, Grainger County, Tennessee

Source: Ownwell

$483

$695

$906

Median Bean Station Tax Bill

$588

Median Grainger County Tax Bill

$597

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Bean Station, Grainger County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37708	$41	$230	$588	$968	$1,454

Source: Ownwell