Talbott, Jefferson County, Tennessee Property Taxes

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

Median Talbott, TN effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Talbott, TN home value: $111,500
Median annual Talbott, TN tax bill: $618, $1,782 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson County calculated?

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

Last Updated March 1, 2025

Talbott, Jefferson County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.55%

Estimate Property Tax Bill

$613

$569

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

Property Tax Rates Across Talbott, Jefferson County, Tennessee

Local government entities set tax rates, which can vary widely within a state. This is 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 Talbott’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S. With a median property tax rate of 0.55%, Talbott in Jefferson County offers a significant advantage over the national median property tax rate of 1.02%. This lower rate can be a compelling factor for potential property buyers or investors looking for affordable tax options. When comparing Talbott’s property tax rate to the state and national averages, it's clear that the area presents an attractive opportunity for those seeking to minimize their property tax burden.

Property Tax Rates Across Talbott, Jefferson County, Tennessee

Source: Ownwell

0.55%

0.70%

0.85%

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 Talbott Tax Rate

0.55%

Median Effective Jefferson County Tax Rate

0.55%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Talbott, Jefferson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37877	0.55%	0.55%	0.55%	0.55%	0.55%

Source: Ownwell

Property Tax Assessment Values Across Talbott, Jefferson County, Tennessee

When examining property taxes in Talbott, 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 Jefferson 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 Jefferson 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 Talbott.

For example, the median home price in Talbott is $111,500, with tax bills ranging significantly across the county. Zip code 37877 has the highest median home price at $111,500.

Property Tax Assessment Values Across Talbott, Jefferson County, Tennessee

Source: Ownwell

$58,300

$108,625

$158,950

Median Talbott Market Value

$111,500

Median Jefferson County Market Value

$119,000

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Talbott, Jefferson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37877	$29,860	$65,100	$111,500	$168,550	$240,600

Source: Ownwell

Property Tax Bills Across Talbott, Jefferson County, Tennessee

In Talbott, Jefferson County, TN, 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 Talbott is $111,500, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $358, while the 75th percentile reaches $960, and the 90th percentile can be as high as $1,464. These figures illustrate the range of property tax burdens homeowners may face, which can be influenced by changes in property values and local tax rates. Compared to the national median property tax bill of $2,400, Talbott's tax bills are relatively low, offering some relief to homeowners. However, even with lower tax bills, homeowners can benefit from ensuring they are not overpaying. Ownwell can assist by reviewing property assessments, identifying potential savings, and filing appeals on behalf of homeowners. This service can be invaluable in reducing property tax liabilities, ensuring homeowners only pay their fair share.

Property Tax Bills Across Talbott, Jefferson County, Tennessee

Source: Ownwell

$319

$595

$870

Median Talbott Tax Bill

$618

Median Jefferson County Tax Bill

$726

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Talbott, Jefferson County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37877	$164	$358	$618	$960	$1,464

Source: Ownwell