Greenback, Monroe County, Tennessee Property Taxes
Property Taxes in Greenback, Tennessee
Median Greenback, Tennessee effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, and lower than the Tennessee state median of 0.54%.
Median Greenback, Tennessee home value: $172,500
Median annual Greenback, Tennessee tax bill: $657, lower than the national median property tax bill of $2,400.
How are property taxes in Monroe calculated?
Property taxes in Greenback, Tennessee 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 April 13, 2026
Greenback, Monroe County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.38%
Estimate Property Tax Bill
$656
$608
How Does the Greenback Property Tax Calculator Work?
Use this Greenback property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Greenback's median effective tax rate of 0.38% — based on actual property records in Monroe County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Greenback's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Greenback: rates range from 0.38% in the area with the lowest rate to 0.38% in the area with the highest rate, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Greenback.
About Greenback Property Taxes
About Property Taxes in Greenback, Monroe, Tennessee
Greenback’s median effective property tax rate of 0.38% is lower than the Tennessee state median of 0.54% and lower than the national median of 1.02%. This rate reflects the Monroe County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Greenback. Homeowners in different parts of the city can face different tax burdens depending on how school district boundaries and local assessment districts are drawn across Monroe County. Understanding which part of Greenback you live in can make a meaningful difference to your annual tax bill.
Greenback homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Greenback, Monroe County, Tennessee
As noted earlier, 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 Greenback's effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
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
0.38%
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 Monroe County Tax Rate
0.38%
Median Effective Tennessee Tax Rate
0.54%
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 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.
Assessment notices:
In Monroe 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. For Greenback homeowners, the median home price is $172,500, while the median tax bill is $657. That is well below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Greenback, Monroe County, Tennessee
Source: Ownwell
$135,200
$282,900
$430,600
Median Greenback Market Value
$172,500
Median Monroe County Market Value
$205,100
Median Tennessee Market Value
$213,900
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
How are property tax bills calculated in Greenback?
Property tax bills in Greenback are based on the assessed value of a home, which is then multiplied by the local tax rate set by Monroe County and other taxing authorities. The assessed value is tied to the market value of the property, so changes in home values can affect what homeowners owe. If a home is worth more, the tax bill can rise; if the assessed value is lower, the bill may be lower as well.
For homeowners, this means property taxes are not fixed and can change over time as the market shifts. With a median home price of $172,500, the typical tax bill in Greenback is $657, and the 25th, 75th, and 90th percentile tax bills are also $657. That consistency suggests many homeowners in the area face similar property tax costs, making it important to understand how assessments influence the final bill.
Median Greenback Tax Bill
$657
Median Monroe County Tax Bill
$762
Median Tennessee Tax Bill
$1,126
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
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 31 |
Links | |
|---|---|
| Monroe Tax Assessor | |
| Website | assessment.cot.tn.gov |