Tiptonville, Lake County, Tennessee Property Taxes

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

Median Tiptonville, TN effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Tiptonville, TN home value: $51,250
Median annual Tiptonville, TN tax bill: $574, $1,826 lower than the national median property tax bill of $2,400.

How are property taxes in Lake County calculated?

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

Last Updated March 1, 2025

Tiptonville, Lake County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.33%

Estimate Property Tax Bill

$682

$633

Ownwell’s Tiptonville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tiptonville with just two data points. By entering your property's estimated assessed value, our calculator applies Tiptonville’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 Lake County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Tiptonville, Lake County, Tennessee

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 Tiptonville’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.

Property Tax Rates Across Tiptonville, Lake County, Tennessee

Source: Ownwell

1.30%

1.31%

1.33%

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 Tiptonville Tax Rate

1.33%

Median Effective Lake County Tax Rate

1.30%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tiptonville, Lake County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38079	0.83%	0.83%	1.33%	1.33%	1.33%

Source: Ownwell

Property Tax Assessment Values Across Tiptonville, Lake County, Tennessee

When examining property taxes in Tiptonville, 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 Lake 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 Lake 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 Tiptonville. For example, the median home price in Tiptonville is $51,250, with tax bills ranging significantly across the county. Zip code 38079 has the highest median home price at $51,250.

Property Tax Assessment Values Across Tiptonville, Lake County, Tennessee

Source: Ownwell

$50,600

$50,925

$51,250

Median Tiptonville Market Value

$51,250

Median Lake County Market Value

$51,000

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tiptonville, Lake County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38079	$18,330	$31,625	$51,250	$77,100	$121,510

Source: Ownwell

Property Tax Bills Across Tiptonville, Lake County, Tennessee

Property tax bills in Tiptonville, located in Lake County, TN, are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Tiptonville typically see property tax bills ranging from $335 at the 25th percentile to $1,330 at the 90th percentile. With a median tax bill of $574, Tiptonville's property taxes are significantly lower than the national median property tax bill of $2,400. The relatively low tax rates can be attributed to the area's median home price of $51,250, which is considerably below national averages. However, even with lower tax bills, homeowners can still benefit from appealing their property tax assessments or applying for exemptions. Ownwell offers services to help homeowners in Tiptonville reduce their property tax bills by identifying potential savings through appeals and exemptions, ensuring they only pay their fair share.

Property Tax Bills Across Tiptonville, Lake County, Tennessee

Source: Ownwell

$574

$587

$600

Median Tiptonville Tax Bill

$574

Median Lake County Tax Bill

$585

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Tiptonville, Lake County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38079	$199	$335	$574	$866	$1,330

Source: Ownwell