Calhoun, Mcminn County, Tennessee Property Taxes

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

Median Calhoun, TN effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, and also lower than the Tennessee state median of 0.64%.
Median Calhoun, TN home value: $95,600
Median annual Calhoun, TN tax bill: $496, $1,904 lower than the national median property tax bill of $2,400.

How are property taxes in McMinn County calculated?

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

Last Updated March 1, 2025

Calhoun, Mcminn County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.46%

Estimate Property Tax Bill

$440

$408

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

Property Tax Rates Across Calhoun, Mcminn County, Tennessee

Local government entities set tax rates, which can vary widely within a state. Why? 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 Calhoun’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S. Calhoun, located in McMinn County, has a median property tax rate of 0.46%, which is significantly lower than the national median of 1.02%. This means that property owners in Calhoun benefit from a more favorable tax rate compared to many other regions in the country. With the highest and lowest median tax rates in the area both at 0.46%, residents enjoy consistency in their property tax obligations. Understanding these rates can help property owners make informed decisions about property investments and financial planning.

Property Tax Rates Across Calhoun, Mcminn County, Tennessee

Source: Ownwell

0.38%

0.55%

0.72%

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 Calhoun Tax Rate

0.46%

Median Effective Mcminn County Tax Rate

0.48%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Calhoun, Mcminn County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37309	0.38%	0.41%	0.46%	0.56%	0.67%

Source: Ownwell

Property Tax Assessment Values Across Calhoun, Mcminn County, Tennessee

When examining property taxes in Calhoun, 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 McMinn County Assessor's Office 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 McMinn County, assessment notices are sent in the spring 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 Calhoun. For example, the median home price in Calhoun is $95,600, with tax bills ranging significantly across the county. 37309 has the highest median home price at $95,600.

Property Tax Assessment Values Across Calhoun, Mcminn County, Tennessee

Source: Ownwell

$87,000

$114,925

$142,850

Median Calhoun Market Value

$95,600

Median Mcminn County Market Value

$107,800

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Calhoun, Mcminn County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37309	$44,400	$66,600	$95,600	$166,000	$239,600

Source: Ownwell

Property Tax Bills Across Calhoun, Mcminn County, Tennessee

In Calhoun, McMinn County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the property tax bill. With a median home price of $95,600, the property tax bills can vary significantly. For instance, while the 25th percentile of tax bills is $344, those in the 75th percentile reach $728, and the 90th percentile can go up to $1,046. These figures are relatively low compared to the national median property tax bill of $2,400.

Homeowners in Calhoun can benefit from appealing their property tax assessments, potentially lowering their tax bills. This is where Ownwell comes in. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners navigate the complexities of property tax assessments, ensuring they only pay their fair share. This service can lead to significant savings, making homeownership more affordable and less burdensome.

Property Tax Bills Across Calhoun, Mcminn County, Tennessee

Source: Ownwell

$391

$540

$688

Median Calhoun Tax Bill

$496

Median Mcminn County Tax Bill

$618

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Calhoun, Mcminn County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37309	$192	$344	$496	$728	$1,046

Source: Ownwell