Luttrell, Knox County, Tennessee Property Taxes
Median Luttrell, TN effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Luttrell, TN home value: $169,600
Median annual Luttrell, TN tax bill: $662, $1,738 lower than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in Luttrell, 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 Luttrell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Luttrell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Luttrell, 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
$661
$614
Property Tax Rates Across Luttrell, Knox County, Tennessee
In Luttrell, located in Union County, Tennessee, property tax rates are determined by local government entities, which can lead to significant variations within the state. The process involves each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate, a crucial figure for homeowners and potential buyers alike.
While votes and laws play a role in setting these rates and budgets, this annual procedure forms the foundation of property tax assessments. Luttrell's effective property tax rate offers an interesting comparison to other cities in Tennessee and the broader national landscape. Tennessee's median property tax rate is considerably lower than the national median, making it an attractive option for property owners. In contrast, the national median property tax rate stands at 1.02%, with a median property tax bill of $2,400. This comparison highlights the relative affordability of property taxes in Luttrell and Tennessee, providing a compelling reason for homeowners to consider this region when evaluating property tax implications.
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 Luttrell 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 Luttrell, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37779 | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Luttrell, Knox County, Tennessee
When examining property taxes in Luttrell, 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.
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 Luttrell.
For example, the median home price in Luttrell is $169,600, with tax bills ranging significantly across the county. ZIP code 37779 has the highest median home price at $169,600.
Property Tax Assessment Values Across Luttrell, Knox County, Tennessee
Source: Ownwell
$93,700
$283,700
$473,700
Median Luttrell Market Value
$169,600
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 Luttrell, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37779 | $40,900 | $92,300 | $169,600 | $265,000 | $362,200 |
Source: Ownwell
Property Tax Bills Across Luttrell, Knox County, Tennessee
Median Luttrell Tax Bill
$662
Median Knox County Tax Bill
$1,143
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Luttrell, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37779 | $214 | $377 | $662 | $1,034 | $1,412 |
Source: Ownwell