Farragut, Knox County, Tennessee Property Taxes
Property Taxes in Farragut, Tennessee
Median Farragut, Tennessee effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, and lower than the Tennessee state median of 0.54%.
Median Farragut, Tennessee home value: $474,800
Median annual Farragut, Tennessee tax bill: $1,836, $564 lower than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in Farragut, Tennessee 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 Farragut's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farragut, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Farragut, 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
$1,852
$1,718
How Does the Farragut Property Tax Calculator Work?
Use this Farragut property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Farragut's median effective tax rate of 0.39% — based on actual property records in Knox County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Farragut's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Farragut: rates range from 0.39% in 37934 to 0.39% in 37934, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Farragut.
About Farragut Property Taxes
About Property Taxes in Farragut, Knox, Tennessee
Farragut’s median effective property tax rate of 0.39% is lower than the Tennessee state median of 0.54% and lower than the national median of 1.02%. This rate reflects the Knox County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Farragut. Homeowners in the 37934 ZIP code carry a median effective rate of 0.39%, which is the same across the city in the data provided. Understanding how your assessed value and local levies interact can make a meaningful difference to your annual tax bill.
Farragut homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Farragut, Knox County, Tennessee
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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 Farragut's effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
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 Farragut 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
0.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Farragut, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37934 | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Farragut, Knox County, Tennessee
When examining property taxes in Farragut, 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 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.
Assessment notices:
In Knox County, assessment notices are sent in May 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 Farragut.
For example, the median home price in Farragut is $474,800, with tax bills ranging significantly across the county. 37934 has the highest median home price at $474,800.
Property Tax Assessment Values Across Farragut, Knox County, Tennessee
Source: Ownwell
$95,000
$284,900
$474,800
Median Farragut Market Value
$474,800
Median Knox County Market Value
$224,100
Median Tennessee Market Value
$213,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Farragut, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37934 | $247,470 | $353,775 | $474,800 | $614,050 | $759,130 |
Source: Ownwell
Property Tax Bills Across Farragut, Knox County, Tennessee
Property tax bills in Farragut are based on the assessed value of a home and the local tax rate set by Knox County and other taxing authorities. When a home’s market value rises, the assessed value can increase as well, which may lead to a higher bill.
For Farragut homeowners, the median home price is $474,800, and the typical tax bill falls between $1,369 at the 25th percentile and $2,383 at the 75th percentile. The 90th percentile reaches $2,956, showing how much bills can vary depending on property value and assessment.
These taxes help fund local services, but they also affect monthly housing costs and long-term affordability. The highest and lowest median tax bill in the area is $1,836 in ZIP code 37934, reflecting how location and assessment details can influence what homeowners pay.
Median Farragut Tax Bill
$1,836
Median Knox County Tax Bill
$1,134
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Farragut, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37934 | $946 | $1,369 | $1,836 | $2,383 | $2,956 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 31 |
Links | |
|---|---|
| Knox Tax Assessor | |
| Website | propertyinfo.knoxcountytn.gov |