Russellville, Hamblen County, Tennessee Property Taxes

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

Median Russellville, TN effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Russellville, TN home value: $115,800
Median annual Russellville, TN tax bill: $578, $1,822 lower than the national median property tax bill of $2,400.

How are property taxes in Hamblen calculated?

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

Last Updated March 1, 2025

Russellville, Hamblen County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.49%

Estimate Property Tax Bill

$567

$527

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

Property Tax Rates Across Russellville, Hamblen 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. 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 Russellville’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S. In Russellville, located in Hamblen County, the effective property tax rate stands at 0.49%, which is significantly lower than the national median property tax rate of 1.02%. This makes Russellville an attractive location for property owners looking to save on property taxes. The region's property tax rate is not only lower than the national average but also consistent with the lowest and highest rates within Tennessee, both recorded at 0.49%. This consistency can offer a sense of predictability and stability for homeowners in the area.

Property Tax Rates Across Russellville, Hamblen County, Tennessee

Source: Ownwell

0.49%

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 Russellville Tax Rate

0.49%

Median Effective Hamblen County Tax Rate

0.49%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Russellville, Hamblen County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37860	0.49%	0.49%	0.49%	0.49%	0.49%

Source: Ownwell

Property Tax Assessment Values Across Russellville, Hamblen County, Tennessee

When examining property taxes in Russellville, 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 Hamblen County 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 Hamblen County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Russellville. For example, the median home price in Russellville is $115,800, with tax bills ranging significantly across the county. Zip code 37860 has the highest median home price at $115,800.

Property Tax Assessment Values Across Russellville, Hamblen County, Tennessee

Source: Ownwell

$28,000

$79,100

$130,200

Median Russellville Market Value

$115,800

Median Hamblen County Market Value

$105,800

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Russellville, Hamblen County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37860	$21,800	$50,800	$115,800	$159,000	$211,900

Source: Ownwell

Property Tax Bills Across Russellville, Hamblen County, Tennessee

In Russellville, located in Hamblen County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property improvements and neighborhood developments can influence this assessed value. Homeowners in Russellville face a median property tax bill of $578, significantly lower than the national median of $2,400. While this is relatively affordable, some property owners may still feel the financial strain, especially those in the 90th percentile with tax bills up to $1,048.

Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, potentially leading to reduced tax bills. By leveraging local expertise and understanding the nuances of property tax laws, Ownwell can identify discrepancies in assessments and advocate for a fairer valuation. This service not only helps in immediate savings but also provides long-term financial relief for property owners.

Property Tax Bills Across Russellville, Hamblen County, Tennessee

Source: Ownwell

$158

$424

$689

Median Russellville Tax Bill

$578

Median Hamblen County Tax Bill

$619

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Russellville, Hamblen County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37860	$108	$250	$578	$785	$1,048

Source: Ownwell