Tellico Plains, Monroe County, Tennessee Property Taxes

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

Median TELLICO PLAINS, 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 TELLICO PLAINS, TN home value: $103,550
Median annual TELLICO PLAINS, TN tax bill: $590, $1,810 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated March 1, 2025

Tellico Plains, Monroe County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.38%

Estimate Property Tax Bill

$701

$650

Ownwell’s Tellico Plains Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tellico Plains with just two data points. By entering your property's estimated assessed value, our calculator applies Tellico Plains’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 Tellico Plains, Monroe County, Tennessee

Local government entities set tax rates, which can vary widely within a state. 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 Tellico Plains’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 Tellico Plains, Monroe County, Tennessee

Source: Ownwell

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 Tellico Plains Tax Rate

0.38%

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 Tellico Plains, Monroe County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37385	0.29%	0.38%	0.38%	0.38%	0.38%

Source: Ownwell

Property Tax Assessment Values Across Tellico Plains, Monroe County, Tennessee

When examining property taxes in Tellico Plains, 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 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 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 Tellico Plains. For example, the median home price in Tellico Plains is $103,550, with tax bills ranging significantly across the county. 37385 has the highest median home price at $103,550.

Property Tax Assessment Values Across Tellico Plains, Monroe County, Tennessee

Source: Ownwell

$135,200

$282,900

$430,600

Median Tellico Plains Market Value

$184,400

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 Tellico Plains, Monroe County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37385	$63,000	$112,925	$184,400	$287,475	$430,670

Source: Ownwell

Property Tax Bills Across Tellico Plains, Monroe County, Tennessee

In Tellico Plains, located in Monroe County, TN, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Tellico Plains face a median property tax bill of $590, significantly lower than the national median of $2,400. However, tax bills can vary widely, with amounts ranging from $344 at the 25th percentile to $1,384 at the 90th percentile. These variations depend on factors such as property location, size, and improvements. For homeowners looking to save on their property tax bills, Ownwell offers expert property tax appeal and exemption services. By leveraging local market data and extensive knowledge of tax regulations, Ownwell can identify opportunities for reductions and guide homeowners through the appeal process, potentially lowering their tax liabilities and increasing their savings.

Property Tax Bills Across Tellico Plains, Monroe County, Tennessee

Source: Ownwell

$505

$932

$1,358

Median Tellico Plains Tax Bill

$661

Median Monroe County Tax Bill

$762

Median Tennessee Tax Bill

$1,126

Median United States Tax Bill

$2,400

Property Tax Bills Across Tellico Plains, Monroe County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37385	$231	$408	$661	$1,022	$1,478

Source: Ownwell