Harrogate, Hancock County, Tennessee Property Taxes

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 Harrogate’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S. Harrogate, located in Claiborne County, has a property tax rate that reflects the county's budgetary needs and the value of taxable property. Tennessee's median property tax rate is notably lower than the national median, making it an attractive state for property owners. This is particularly evident when compared to the national median property tax rate of 1.02% and the median property tax bill of $2400. Harrogate's property tax rate offers a competitive advantage for homeowners looking to maximize their investment, providing a more affordable option compared to many areas across the nation.

In Harrogate, Tennessee, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Harrogate is $150,500, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. In Hancock County, homeowners typically face tax bills ranging from $206 at the 25th percentile to $1,217 at the 90th percentile, which is significantly lower than the national median property tax bill of $2,400. This variation can impact homeowners' finances, particularly if their property is assessed at the higher end of the spectrum.

Ownwell offers valuable assistance to homeowners in Harrogate by providing expert property tax appeal and exemption services. By analyzing market trends and property assessments, Ownwell can identify opportunities for reducing tax liabilities, ensuring homeowners pay only their fair share. This can lead to substantial savings, easing the financial burden associated with property taxes.