Lancing, Morgan County, Tennessee Property Taxes

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

Median Lancing, TN effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Lancing, TN home value: $83,700
Median annual Lancing, TN tax bill: $565, $1,835 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

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

Last Updated March 1, 2025

Lancing, Morgan County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$569

$528

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

Property Tax Rates Across Lancing, Morgan County, Tennessee

Local government entities set tax rates, which can vary widely within a state. This 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, resulting 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. In Lancing, located in county 47129, the effective property tax rate is 0.68%. This rate is consistent with the highest and lowest median tax rates in the area and is below the national median property tax rate of 1.02%. When compared to the national average, residents in Lancing benefit from a lower property tax burden, which can make homeownership more affordable. With the national median property tax bill at $2400, Lancing's more economical rate provides a financial advantage to property owners. This can be particularly appealing to those looking to maximize their investment in real estate while minimizing expenses.

Property Tax Rates Across Lancing, Morgan County, Tennessee

Source: Ownwell

0.68%

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 Lancing Tax Rate

0.68%

Median Effective Morgan County Tax Rate

0.68%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lancing, Morgan County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37770	0.68%	0.68%	0.68%	0.68%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Lancing, Morgan County, Tennessee

When examining property taxes in Lancing, 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 Morgan 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: Morgan 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 Lancing. For example, the median home price in Lancing is $83,700, with tax bills ranging significantly across the county. Zip code 37770 has the highest median home price at $83,700.

Property Tax Assessment Values Across Lancing, Morgan County, Tennessee

Source: Ownwell

$43,300

$118,525

$193,750

Median Lancing Market Value

$83,700

Median Morgan County Market Value

$87,650

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lancing, Morgan County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37770	$20,840	$44,200	$83,700	$143,325	$226,220

Source: Ownwell

Property Tax Bills Across Lancing, Morgan County, Tennessee

In Lancing, located in Morgan 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 annual tax bill. For homeowners in Lancing, the median property tax bill is $565, significantly lower than the national median of $2,400. Factors such as property improvements and neighborhood changes can affect the assessed value, impacting the tax bill. Homeowners in Lancing may find themselves paying tax bills ranging from the 25th percentile at $298 to the 90th percentile at $1,535, depending on these factors. Ownwell can assist homeowners by providing expert guidance on property tax appeals and exemptions, ensuring they aren't overpaying. By leveraging their knowledge of local tax laws and assessment practices, Ownwell can help homeowners in Lancing potentially reduce their property tax bills, making homeownership more affordable.

Property Tax Bills Across Lancing, Morgan County, Tennessee

Source: Ownwell

$293

$805

$1,317

Median Lancing Tax Bill

$565

Median Morgan County Tax Bill

$603

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Lancing, Morgan County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37770	$140	$298	$565	$968	$1,535

Source: Ownwell