Knoxville, Sevier County, Tennessee Property Taxes
Property Taxes in Knoxville, Tennessee
Median Knoxville, Tennessee effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, and lower than the Tennessee state median of 0.54%.
Median Knoxville, Tennessee home value: $152,100
Median annual Knoxville, Tennessee tax bill: $554, $1,846 lower than the national median property tax bill of $2,400.
How are property taxes in Sevier calculated?
Property taxes in Knoxville, Tennessee 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 Knoxville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Knoxville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Knoxville, Sevier County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.37%
Estimate Property Tax Bill
$563
$522
How Does the Knoxville Property Tax Calculator Work?
Use this Knoxville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Knoxville's median effective tax rate of 0.37% — based on actual property records in Sevier County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Knoxville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Knoxville: rates range from $558.00 in 37920 to $558.00 in 37920, primarily due to differences in school district levies and local assessment districts. Knoxville's median effective tax rate is lower than Tennessee's 0.54% and below the national median property tax rate of 1.02%. The median property tax bill is $554, which is lower than the national median property tax bill of $2400 and $1,846 lower than the state tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Knoxville.
About Knoxville Property Taxes
About Property Taxes in Knoxville, Sevier, Tennessee
Knoxville's median effective property tax rate of 0.37% is lower than the Tennessee state median of 0.54% and lower than the national median of 1.02%. This rate reflects the Sevier County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Knoxville. Homeowners in the 37920 ZIP code carry a median effective rate of 0.37%, while those in the same ZIP also reflect the city’s local tax structure. Understanding how school district boundaries and local assessment districts are drawn across Sevier County can make a meaningful difference to your annual tax bill.
Knoxville homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Knoxville, Sevier County, Tennessee
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Knoxville's effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
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 Knoxville Tax Rate
0.37%
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 Sevier County Tax Rate
0.37%
Median Effective Tennessee Tax Rate
0.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Knoxville, Sevier County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37920 | 0.37% | 0.37% | 0.37% | 0.37% | 0.37% |
| 37922 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Knoxville, Sevier County, Tennessee
When examining property taxes in Knoxville, Tennessee, 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 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 Sevier County, assessment notices are sent in May each year. They'll typically reach your mailbox by the middle of May.
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 Knoxville.
For example, the median home price in Knoxville is $152,100, with tax bills ranging significantly across the county. 37920 has the highest median home price at $155,400.
Property Tax Assessment Values Across Knoxville, Sevier County, Tennessee
Source: Ownwell
$56,750
$129,425
$202,100
Median Knoxville Market Value
$152,100
Median Sevier County Market Value
$173,500
Median Tennessee Market Value
$213,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Knoxville, Sevier County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37920 | $102,300 | $128,800 | $155,400 | $177,125 | $212,150 |
| 37922 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Knoxville, Sevier County, Tennessee
Property tax bills in Knoxville are based on the assessed value of a home and the local tax rate set for Sevier County. When a property is valued, that assessed amount becomes the starting point for the bill, and the final tax owed is calculated by applying the tax rate to that value. Homes with higher market values generally face higher tax bills, while lower-valued homes usually pay less.
For Knoxville homeowners, the median home price is $152,100, and the median property tax bill is $558.00 in ZIP code 37920. That is well below the national median property tax bill of $2,400, showing that local bills are relatively modest compared with many parts of the country. Still, the amount a homeowner pays can vary based on the assessed value of the property and any changes in local tax rates. Even small shifts in assessment can affect annual costs, making property taxes an important part of homeownership in Knoxville.
Median Knoxville Tax Bill
$554
Median Sevier County Tax Bill
$663
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Knoxville, Sevier County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37920 | $378 | $477 | $558 | $655 | $785 |
| 37922 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 31 |
Links | |
|---|---|
| Sevier Tax Assessor | |
| Website | tnmap.tn.gov |