Grundy County, Tennessee Property Taxes

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

Median Grundy County effective property tax rate: 0.60%, significantly lower than the national median of 1.02%.
Median Grundy County home value: $82,800
Median annual Grundy County tax bill: $512, $1,888 lower than the national median property tax bill of $2,400.

How are property taxes in Grundy County calculated?

Property taxes in Grundy County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Altamont or another part of Grundy County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Grundy County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$497

$461

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

Property Tax Rates Across Grundy County, Tennessee

Local government entities set tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Grundy County's effective property tax rate can be compared to other counties in Tennessee or the U.S. median property tax rate. With Grundy County's rate, residents enjoy a lower tax burden compared to the national median property tax rate of 1.02%. This can be appealing for property owners looking for affordable living options. Additionally, Tracy City, with the highest median tax rate in the county, still offers a competitive rate compared to national figures. Meanwhile, Sequatchie City provides even more savings with its lower median tax rate. As property taxes can significantly impact homeownership costs, understanding these rates is crucial for current and prospective homeowners aiming to make informed financial decisions.

Property Tax Rates Across Grundy County, Tennessee

Source: Ownwell

0.54%

0.57%

0.61%

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 Grundy County Tax Rate

0.60%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grundy County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Altamont	0.52%	0.53%	0.58%	0.60%	0.61%
Beersheba Springs	0.53%	0.53%	0.59%	0.60%	0.61%
Coalmont	0.52%	0.54%	0.59%	0.60%	0.61%
Gruetli Laager	0.52%	0.54%	0.60%	0.60%	0.61%
Mcminnville	0.50%	0.53%	0.57%	0.60%	0.60%
Monteagle	0.53%	0.58%	0.59%	0.60%	0.60%
Morrison	0.51%	0.53%	0.58%	0.60%	0.61%
Palmer	0.52%	0.54%	0.60%	0.61%	0.61%
Pelham	0.51%	0.54%	0.59%	0.60%	0.61%
Sequatchie	0.52%	0.53%	0.54%	0.59%	0.60%
Tracy City	0.53%	0.59%	0.61%	0.75%	0.76%
Whitwell	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Grundy County, Tennessee

When examining property taxes in Grundy County, 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 Grundy County Assessor's 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.

Assessment notices:

In Grundy 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 Grundy County. For example, the median tax bill in Grundy County is $292, with tax bills ranging significantly across the county. Monteagle has the highest median home price at $138,550.

Property Tax Assessment Values Across Grundy County, Tennessee

Source: Ownwell

$47,600

$93,075

$138,550

Median Grundy County Market Value

$82,800

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grundy County, Tennessee

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Altamont	$21,530	$38,425	$78,850	$136,600	$214,840
Beersheba Springs	$23,500	$38,200	$67,500	$121,100	$188,320
Coalmont	$25,240	$53,500	$90,700	$148,500	$239,740
Gruetli Laager	$24,270	$48,950	$79,850	$121,875	$171,050
Mcminnville	$27,700	$50,900	$80,100	$132,600	$246,640
Monteagle	$42,350	$68,850	$138,550	$315,850	$468,500
Morrison	$34,580	$47,525	$82,350	$173,525	$238,000
Palmer	$21,800	$41,700	$69,100	$104,700	$155,420
Pelham	$37,350	$62,700	$100,200	$161,150	$248,540
Sequatchie	$17,180	$30,900	$47,600	$73,100	$124,220
Tracy City	$24,000	$50,600	$79,700	$129,600	$186,360
Whitwell	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Grundy County, Tennessee

In Grundy County, Tennessee, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Factors such as property location, size, and improvements can influence the assessed value. The median home price in Grundy County is $82,800, which results in a property tax bill that can vary significantly. For instance, the 25th percentile tax bill is $292, while the 75th percentile reaches $857, and the 90th percentile climbs to $1,426. This variation indicates how property characteristics and assessments affect tax bills. Homeowners in Monteagle face the highest median tax bill at $827, whereas those in Sequatchie experience the lowest at $278. Compared to the national median property tax bill of $2,400, Grundy County's tax bills are relatively low, offering some financial relief to homeowners. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.

Property Tax Bills Across Grundy County, Tennessee

Source: Ownwell

$278

$553

$827

Median Grundy County Tax Bill

$512

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Grundy County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Altamont	$113	$204	$464	$798	$1,273
Beersheba Springs	$119	$210	$394	$705	$1,120
Coalmont	$131	$294	$547	$873	$1,417
Gruetli Laager	$126	$286	$466	$723	$1,026
Mcminnville	$148	$284	$441	$728	$1,437
Monteagle	$234	$404	$827	$1,870	$2,785
Morrison	$186	$280	$451	$928	$1,264
Palmer	$112	$225	$415	$632	$934
Pelham	$187	$360	$590	$937	$1,387
Sequatchie	$92	$164	$278	$435	$725
Tracy City	$140	$312	$528	$852	$1,283
Whitwell	N/A	N/A	N/A	N/A	N/A

Source: Ownwell