Sevierville, Sevier County, Tennessee Property Taxes
Median Sevierville, TN effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Sevierville, TN home value: $198,600
Median annual Sevierville, TN tax bill: $790, $1,610 lower than the national median property tax bill of $2,400.
How are property taxes in Sevier County calculated?
Property taxes in Sevierville, 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 Sevierville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sevierville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sevierville, 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
$642
$596
Property Tax Rates Across Sevierville, Sevier County, Tennessee
Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that each county annually 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.
Sevierville in Sevier County, TN, presents a compelling case when it comes to property taxes. With an effective property tax rate of 0.37%, it stands in stark contrast to the national median property tax rate of 1.02%. This lower rate can translate into significant savings for property owners in Sevierville compared to other parts of the country. The median property tax bill in Sevierville is also well below the national median of $2,400, providing further relief to homeowners. When comparing Sevierville's property tax rate to other cities in Tennessee, it's clear that property owners here enjoy one of the most favorable tax environments in the state. Such a low rate can make Sevierville an attractive destination for those seeking to minimize their property tax burden while still enjoying the benefits of homeownership.
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 Sevierville 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 Sevierville, Sevier County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37862 | 0.21% | 0.37% | 0.37% | 0.74% | 0.74% |
| 37876 | 0.37% | 0.37% | 0.37% | 0.37% | 0.37% |
Source: Ownwell
Property Tax Assessment Values Across Sevierville, Sevier County, Tennessee
When examining property taxes in Sevierville, 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 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 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 Sevierville.
For example, the median home price in Sevierville is $198,600, with tax bills ranging significantly across the county. The zip code 37862 has the highest median home price at $216,700.
Property Tax Assessment Values Across Sevierville, Sevier County, Tennessee
Source: Ownwell
$56,750
$129,425
$202,100
Median Sevierville Market Value
$173,600
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 Sevierville, Sevier County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37862 | $65,760 | $127,750 | $189,300 | $287,800 | $421,660 |
| 37876 | $41,700 | $93,500 | $161,600 | $240,300 | $334,680 |
Source: Ownwell
Property Tax Bills Across Sevierville, Sevier County, Tennessee
Median Sevierville Tax Bill
$679
Median Sevier County Tax Bill
$663
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Sevierville, Sevier County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37862 | $210 | $462 | $914 | $1,400 | $2,212 |
| 37876 | $152 | $332 | $591 | $912 | $1,372 |
Source: Ownwell