Greenback, Monroe County, Tennessee Property Taxes

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

Median Greenback, TN effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Greenback, TN home value: $115,200
Median annual Greenback, TN tax bill: $645, $1,755 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated March 1, 2025

Greenback, Monroe County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.56%

Estimate Property Tax Bill

$645

$599

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

Property Tax Rates Across Greenback, Monroe County, Tennessee

Local government entities set tax rates, which can vary widely within a state. This variability is because each county annually 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 Greenback’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S. Greenback, located in Monroe County, has a property tax rate that is below the national median rate of 1.02%. This means property owners in Greenback enjoy a relatively lower tax burden compared to many other parts of the country. However, when compared to the median property tax rate in Tennessee, which is 0.56%, Greenback's rate is in line with the state average. This makes Greenback an appealing option for those looking to minimize their property tax expenses while still benefiting from local services.

Property Tax Rates Across Greenback, Monroe County, Tennessee

Source: Ownwell

0.56%

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 Greenback Tax Rate

0.56%

Median Effective Monroe County Tax Rate

0.56%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greenback, Monroe County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37742	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Greenback, Monroe County, Tennessee

When examining property taxes in Greenback, 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 Monroe County Property 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 Monroe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Greenback.

For example, the median home price in Greenback is $115,200, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Greenback, Monroe County, Tennessee

Source: Ownwell

$68,300

$158,750

$249,200

Median Greenback Market Value

$115,200

Median Monroe County Market Value

$118,500

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greenback, Monroe County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37742	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Greenback, Monroe County, Tennessee

In Greenback, located in Monroe County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $115,200, homeowners in this area typically face a tax bill of around $645, which is significantly lower than the national median property tax bill of $2,400. The tax rate here is quite favorable compared to the national median property tax rate of 1.02%. However, even with lower rates, homeowners can still benefit from ensuring their property is assessed accurately. Factors such as recent sales of similar properties, improvements made to the home, and neighborhood trends can influence the assessed value. Ownwell steps in to assist homeowners by reviewing assessments, identifying potential discrepancies, and appealing for adjustments if necessary. By leveraging expert knowledge and strategic insights, Ownwell helps homeowners in Greenback potentially lower their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Greenback, Monroe County, Tennessee

Source: Ownwell

$382

$939

$1,495

Median Greenback Tax Bill

$645

Median Monroe County Tax Bill

$742

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenback, Monroe County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37742	N/A	N/A	N/A	N/A	N/A

Source: Ownwell