Gatlinburg, Sevier County, Tennessee Property Taxes

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

Median Gatlinburg, TN effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Gatlinburg, TN home value: $254,300
Median annual Gatlinburg, TN tax bill: $1,000, $1,400 lower than the national median property tax bill of $2,400.

How are property taxes in Sevier County calculated?

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

Last Updated March 1, 2025

Gatlinburg, Sevier County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$1,017

$944

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

Property Tax Rates Across Gatlinburg, Sevier County, Tennessee

Local government entities determine property tax rates, leading to significant variation within a state. This occurs because each county annually estimates its budget needs to provide essential services and divides this by the total value of all taxable property in its area, resulting in the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is the fundamental process. In Gatlinburg, located in Sevier County, the effective property tax rate stands at 0.40%, which is notably lower than the national median property tax rate of 1.02%. Compared to other cities in Tennessee, Gatlinburg's rate reflects the state's tendency towards lower property tax rates. This can result in substantial savings for property owners, especially when contrasted with the national median property tax bill of $2400. Such favorable tax conditions make Gatlinburg an attractive place for property investment, offering a financial advantage to homeowners and potential buyers alike.

Property Tax Rates Across Gatlinburg, Sevier County, Tennessee

Source: Ownwell

0.37%

0.39%

0.41%

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 Gatlinburg Tax Rate

0.40%

Median Effective Sevier County Tax Rate

0.37%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gatlinburg, Sevier County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37738	0.37%	0.37%	0.40%	0.40%	0.40%

Source: Ownwell

Property Tax Assessment Values Across Gatlinburg, Sevier County, Tennessee

When examining property taxes in Gatlinburg, 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 Sevier County Assessor's Office 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 Sevier 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 Gatlinburg. For example, the median home price in Gatlinburg is $254,300, with tax bills ranging significantly across the county. 37738 has the highest median home price at $254,300.

Property Tax Assessment Values Across Gatlinburg, Sevier County, Tennessee

Source: Ownwell

$59,600

$156,950

$254,300

Median Gatlinburg Market Value

$254,300

Median Sevier County Market Value

$196,500

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gatlinburg, Sevier County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37738	$88,160	$150,100	$254,300	$376,025	$572,400

Source: Ownwell

Property Tax Bills Across Gatlinburg, Sevier County, Tennessee

In Gatlinburg, located in Sevier County, Tennessee, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. The tax rate, set by the local government, is then applied to this assessed value to calculate the tax bill. With a median home price of $254,300, homeowners in Gatlinburg can expect property tax bills that vary significantly. The 25th percentile tax bill is $607, while the 75th percentile reaches $1,483, and the 90th percentile is $2,238. This variation highlights the importance of understanding how assessments and tax rates can impact overall costs. Compared to the national median property tax bill of $2,400, Gatlinburg's tax bills can be more affordable. Ownwell offers valuable services to help homeowners potentially lower their property tax bills by providing expert assistance in appealing assessments and securing exemptions, ensuring that homeowners pay only their fair share.

Property Tax Bills Across Gatlinburg, Sevier County, Tennessee

Source: Ownwell

$220

$610

$1,000

Median Gatlinburg Tax Bill

$1,000

Median Sevier County Tax Bill

$766

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Gatlinburg, Sevier County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37738	$362	$607	$1,000	$1,483	$2,238

Source: Ownwell