Corryton, Knox County, Tennessee Property Taxes
Median Corryton, TN effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but also lower than the Tennessee state median of 0.64%.
Median Corryton, TN home value: $194,100
Median annual Corryton, TN tax bill: $753, $1,647 lower than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in Corryton, 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 Corryton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Corryton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Corryton, Knox County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.39%
Estimate Property Tax Bill
$757
$702
Ownwell’s Corryton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Corryton with just two data points.
By entering your property's estimated assessed value, our calculator applies Corryton’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 Knox County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Corryton, Knox 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 play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Corryton in Knox County, Tennessee, offers an interesting comparison for property tax rates. The effective property tax rate in this region is significantly lower than both the state and national medians. With Tennessee's median tax rate standing below the national average, residents of Corryton benefit from even more favorable rates. This lower tax burden can be an attractive factor for potential homeowners and investors looking for a cost-effective place to settle.
The financial relief provided by such rates allows residents to allocate more of their resources towards personal or business investments, enhancing the appeal of the area. As property taxes are a crucial consideration for many, understanding the local rates can be a decisive factor in choosing Corryton as a desirable location.
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 Corryton Tax Rate
0.39%
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 Knox County Tax Rate
0.39%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Corryton, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37721 | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Corryton, Knox County, Tennessee
When examining property taxes in Corryton, 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 Knox 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 Knox 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 Corryton. For example, the median home price in Corryton is $194,100, with tax bills ranging significantly across the county. Zip code 37721 has the highest median home price at $194,100.
Property Tax Assessment Values Across Corryton, Knox County, Tennessee
Source: Ownwell
$93,700
$283,700
$473,700
Median Corryton Market Value
$194,100
Median Knox County Market Value
$222,300
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Corryton, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37721 | $79,900 | $144,400 | $194,100 | $253,300 | $362,750 |
Source: Ownwell
Property Tax Bills Across Corryton, Knox County, Tennessee
Median Corryton Tax Bill
$753
Median Knox County Tax Bill
$1,143
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Corryton, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37721 | $303 | $556 | $753 | $984 | $1,387 |
Source: Ownwell