Thorn Hill, Grainger County, Tennessee Property Taxes

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

Median Thorn Hill, 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 Thorn Hill, TN home value: $90,000
Median annual Thorn Hill, TN tax bill: $483, $1,917 lower than the national median property tax bill of $2,400.

How are property taxes in Grainger County calculated?

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

Last Updated March 1, 2025

Thorn Hill, 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

$531

$493

Ownwell’s Thorn Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thorn Hill with just two data points. By entering your property's estimated assessed value, our calculator applies Thorn Hill’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 Thorn Hill, Grainger County, Tennessee

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide 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 are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Thorn Hill, located in Grainger County, Tennessee, the effective property tax rate is notably lower than the national median, reflecting the state's overall trend of lower property taxes. Tennessee residents enjoy a median property tax rate that is significantly below the national average of 1.02%. This favorable tax environment can be particularly appealing to homeowners looking to maximize their investment. By comparing Thorn Hill's effective property tax rate to other cities in Tennessee, you can see how it aligns with the state's median property tax rates. Understanding these rates can help homeowners make informed decisions about property investments and potential savings on property taxes.

Property Tax Rates Across Thorn Hill, 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 Thorn Hill 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 Thorn Hill, Grainger County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37881	0.53%	0.59%	0.59%	0.59%	0.59%

Source: Ownwell

Property Tax Assessment Values Across Thorn Hill, Grainger County, Tennessee

When examining property taxes in Thorn Hill, 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 property appraisal 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.

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 Thorn Hill.

For example, the median home price in Thorn Hill is $90,000, with tax bills ranging significantly across the county. The 37881 zip code has the highest median home price at $90,000.

Property Tax Assessment Values Across Thorn Hill, Grainger County, Tennessee

Source: Ownwell

$87,500

$123,050

$158,600

Median Thorn Hill Market Value

$90,000

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 Thorn Hill, Grainger County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37881	$22,620	$46,600	$90,000	$142,200	$198,060

Source: Ownwell

Property Tax Bills Across Thorn Hill, Grainger County, Tennessee

In Thorn Hill, located in Grainger County, TN, property tax bills are calculated based on the assessed value of the home and the local tax rate. With a median home price of $90,000, the property tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $223, while at the 75th percentile, it rises to $815. The highest median tax bill recorded in the area is $483, which is notably lower than the national median property tax bill of $2,400. This difference underscores the relatively lower property tax burden in Thorn Hill compared to the national average. However, homeowners can still benefit from appealing their property tax assessments to ensure they are not overpaying. This is where Ownwell can assist by providing expert property tax appeal services. By analyzing the assessed value and comparing it with market trends, Ownwell helps homeowners potentially reduce their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Thorn Hill, Grainger County, Tennessee

Source: Ownwell

$483

$695

$906

Median Thorn Hill Tax Bill

$483

Median Grainger County Tax Bill

$597

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Thorn Hill, Grainger County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37881	$69	$223	$483	$815	$1,143

Source: Ownwell