Oak Ridge, Knox County, Tennessee Property Taxes
Median OAK RIDGE, 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 OAK RIDGE, TN home value: $188,200
Median annual OAK RIDGE, TN tax bill: $734, $1,666 lower than the national median property tax bill of $2,400.
How are property taxes in Knox calculated?
Property taxes in OAK RIDGE, 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 OAK RIDGE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in OAK RIDGE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oak Ridge, 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
$734
$681
Ownwell’s OAK RIDGE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in OAK RIDGE with just two data points.
By entering your property's estimated assessed value, our calculator applies OAK RIDGE’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 Oak Ridge, Knox County, Tennessee
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate their budgetary needs to fund services and divide this by the total assessed value of all taxable properties within their borders. This calculation determines the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially the annual process.
OAK RIDGE in Anderson County, TN, has an effective property tax rate of 0.39%, which is considerably lower than the national median of 1.02%. This rate is also lower than the median property tax rate for Tennessee. Compared to other cities in Tennessee, OAK RIDGE offers a more favorable tax environment, potentially making it an attractive location for homeowners seeking lower property taxes. By understanding these rates, homeowners can better assess their financial obligations and make informed decisions about property ownership in the area.
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 Oak Ridge 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 Oak Ridge, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37830 | 0.39% | 0.39% | 0.39% | 0.39% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Oak Ridge, Knox County, Tennessee
When examining property taxes in Oak Ridge, 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 Assessor 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 Oak Ridge. For example, the median home price in Oak Ridge is $188,200, with tax bills ranging significantly across the county. Zip code 37830 has the highest median home price at $188,200.
Property Tax Assessment Values Across Oak Ridge, Knox County, Tennessee
Source: Ownwell
$93,700
$283,700
$473,700
Median Oak Ridge Market Value
$188,200
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 Oak Ridge, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37830 | $130,260 | $150,700 | $188,200 | $269,000 | $385,200 |
Source: Ownwell
Property Tax Bills Across Oak Ridge, Knox County, Tennessee
Median Oak Ridge Tax Bill
$734
Median Knox County Tax Bill
$1,143
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Oak Ridge, Knox County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37830 | $519 | $594 | $734 | $1,045 | $1,363 |
Source: Ownwell