Philadelphia, Roane County, Tennessee Property Taxes

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

Median Philadelphia, TN effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Philadelphia, TN home value: $94,550
Median annual Philadelphia, TN tax bill: $565, $1,835 lower than the national median property tax bill of $2,400.

How are property taxes in Roane calculated?

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

Last Updated March 1, 2025

Philadelphia, Roane County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$567

$526

Ownwell’s PHILADELPHIA Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in PHILADELPHIA with just two data points. By entering your property's estimated assessed value, our calculator applies PHILADELPHIA’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 47145. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Philadelphia, Roane County, Tennessee

Local government entities are responsible for setting tax rates, which can differ significantly across a state. Why does this happen? Each year, counties estimate their necessary budget to fund services and then divide that by the total assessed value of all taxable properties within their area. This calculation determines the property tax rate. While setting tax rates and budgets involves votes and legislation, this is essentially the annual process.

In Philadelphia, located in Roane County, TN, the effective property tax rate is 0.60%. This rate is consistent with the highest and lowest median tax rates in the state, both at 0.60%, as seen in zip code 37846. When compared to the national median property tax rate of 1.02%, Philadelphia's rate is notably lower. The national median property tax bill is $2400, which provides a useful benchmark for comparison. Understanding these rates helps property owners make informed decisions about their investments and financial planning. The lower rates in Philadelphia could be an attractive factor for property buyers and investors looking for opportunities in Tennessee.

Property Tax Rates Across Philadelphia, Roane County, Tennessee

Source: Ownwell

0.59%

0.60%

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 Philadelphia Tax Rate

0.60%

Median Effective Roane County Tax Rate

0.60%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Philadelphia, Roane County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37846	0.60%	0.60%	0.60%	0.60%	0.60%

Source: Ownwell

Property Tax Assessment Values Across Philadelphia, Roane County, Tennessee

When examining property taxes in PHILADELPHIA, 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 Roane County 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. Assessment notices: Roane County sends assessment notices 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 PHILADELPHIA. For example, the median home price in PHILADELPHIA is $94,550, with tax bills ranging significantly across the county. 37846 has the highest median home price at $94,550.

Property Tax Assessment Values Across Philadelphia, Roane County, Tennessee

Source: Ownwell

$94,550

$154,675

$214,800

Median Philadelphia Market Value

$94,550

Median Roane County Market Value

$132,200

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Philadelphia, Roane County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37846	$25,360	$51,950	$94,550	$165,975	$260,390

Source: Ownwell

Property Tax Bills Across Philadelphia, Roane County, Tennessee

In Philadelphia, Roane County, TN, property tax bills are calculated based on the assessed value of a property. The assessed value is a percentage of the market value determined by the local assessor's office. Homeowners in this region experience a median tax bill of $565, significantly lower than the national median of $2,400. However, property tax bills can vary widely, from $308 at the 25th percentile to $1,569 at the 90th percentile. These variations can be attributed to differences in property values and local tax rates. Despite the relatively low median tax bill, property taxes can still be a substantial expense for homeowners. Ownwell provides a valuable service by helping homeowners appeal their tax assessments and apply for exemptions, potentially reducing their tax burden. By leveraging local expertise and understanding of the property tax system, Ownwell can assist homeowners in achieving significant savings, ensuring they only pay their fair share.

Property Tax Bills Across Philadelphia, Roane County, Tennessee

Source: Ownwell

$565

$911

$1,257

Median Philadelphia Tax Bill

$565

Median Roane County Tax Bill

$896

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Philadelphia, Roane County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37846	$149	$308	$565	$1,001	$1,569

Source: Ownwell