Loudon, Polk County, Tennessee Property Taxes
Median Loudon, TN effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Loudon, TN home value: $25,200
Median annual Loudon, TN tax bill: $158, $2,242 lower than the national median property tax bill of $2,400.
How are property taxes in Polk County calculated?
Property taxes in Loudon, 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 Loudon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Loudon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Loudon, Polk County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$159
$147
Ownwell’s Loudon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Loudon with just two data points.
By entering your property's estimated assessed value, our calculator applies Loudon’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 Loudon County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Loudon, Polk County, Tennessee
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 Loudon Tax Rate
0.63%
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 Polk County Tax Rate
0.63%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Loudon, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37774 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Loudon, Polk County, Tennessee
When examining property taxes in Loudon, 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 Polk 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.
In Polk 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 Loudon. For example, the median home price in Loudon is $25,200, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Loudon, Polk County, Tennessee
Source: Ownwell
$7,200
$36,200
$65,200
Median Loudon Market Value
$25,200
Median Polk County Market Value
$48,850
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Loudon, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37774 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Loudon, Polk County, Tennessee
In Loudon, Tennessee, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $25,200, homeowners in Loudon typically face a property tax bill of $158, which is significantly lower than the national median of $2,400. This low tax bill can be attributed to the region's lower property values and tax rates. However, it is crucial for homeowners to ensure their property is assessed accurately to avoid overpaying.
Factors influencing the tax bill include property size, location, and any improvements made to the home. Discrepancies in assessment can lead to higher taxes. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burden. Through thorough evaluations and appeals, Ownwell ensures that homeowners pay only their fair share, maximizing savings and ensuring peace of mind.
Median Loudon Tax Bill
$158
Median Polk County Tax Bill
$310
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Loudon, Polk County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37774 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell