Mascot, Knox County, Tennessee Property Taxes

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

Median Mascot, 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 Mascot, TN home value: $138,950. Median annual Mascot, TN tax bill: $543, $1,857 lower than the national median property tax bill of $2,400.

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

Last Updated March 1, 2025

Mascot, Knox County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.39%

Estimate Property Tax Bill

$542

$503

Ownwell’s Mascot Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mascot with just two data points. By entering your property's estimated assessed value, our calculator applies Mascot’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 Mascot, Knox County, Tennessee

Local government entities are responsible for setting tax rates, which can vary significantly across counties. This is because each county, like Knox, annually estimates the budget needed to provide essential services and divides that amount by the total assessed value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws that influence tax rates and budgets, this is essentially the annual process.

In Mascot, located in Knox County, Tennessee, the effective property tax rate is considerably lower than the national median of 1.02%. This lower rate can be attributed to the county's budgetary needs and the overall assessed property values. Compared to other cities in Tennessee, Mascot's tax rate reflects the diverse economic landscape within the state. While Tennessee's median property tax rate is generally lower than the national average, it still varies widely from city to city. This variance underscores the importance of understanding local tax rates and how they impact property owners. By comparing Mascot's property tax rate to both state and national figures, property owners can gain valuable insights into their tax obligations and potential savings opportunities.

Property Tax Rates Across Mascot, Knox County, Tennessee

Source: Ownwell

0.39%

0.70%

1.01%

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 Mascot Tax Rate

0.39%

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 Mascot, Knox County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37806	0.39%	0.39%	0.39%	0.39%	0.39%

Source: Ownwell

Property Tax Assessment Values Across Mascot, Knox County, Tennessee

When examining property taxes in Mascot, 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. Knox County 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 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 Mascot. For example, the median home price in Mascot is $138,950, with tax bills ranging significantly across the county. 37806 has the highest median home price at $138,950.

Property Tax Assessment Values Across Mascot, Knox County, Tennessee

Source: Ownwell

$93,700

$283,700

$473,700

Median Mascot Market Value

$138,950

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 Mascot, Knox County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37806	$46,500	$78,300	$138,950	$211,400	$304,750

Source: Ownwell

Property Tax Bills Across Mascot, Knox County, Tennessee

In Mascot, Knox County, TN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, reflecting its worth on the open market. This calculation results in a property tax bill that can significantly impact homeowners. In Mascot, the median property tax bill is $543, which is considerably lower than the national median of $2,400. However, bills can vary, with the 25th percentile at $304 and the 90th percentile reaching $1,169. Factors such as property improvements or changes in the local tax rate can influence these amounts. Homeowners in Mascot can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing individual property assessments and identifying potential savings, Ownwell helps ensure that homeowners are not overpaying on their tax bills. This service can lead to substantial savings, providing financial relief and peace of mind for property owners.

Property Tax Bills Across Mascot, Knox County, Tennessee

Source: Ownwell

$543

$1,917

$3,290

Median Mascot Tax Bill

$543

Median Knox County Tax Bill

$1,143

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Mascot, Knox County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37806	$182	$304	$543	$819	$1,169

Source: Ownwell