Fall Branch, Sullivan County, Tennessee Property Taxes

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

Median Fall Branch, 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 Fall Branch, TN home value: $118,100
Median annual Fall Branch, TN tax bill: $702, $1,698 lower than the national median property tax bill of $2,400.

How are property taxes in Sullivan County calculated?

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

Last Updated March 1, 2025

Fall Branch, Sullivan 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

$709

$658

Ownwell’s FALL BRANCH Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in FALL BRANCH with just two data points.

By entering your property's estimated assessed value, our calculator applies FALL BRANCH’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 Sullivan County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fall Branch, Sullivan County, Tennessee

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.

In Fall Branch, Sullivan County, TN, the effective property tax rate is notably lower than the national median. With a median property tax rate of 0.60%, residents here enjoy one of the more favorable property tax environments in the country. This rate is consistent across the region, reflecting a balanced approach to budgeting and property valuation. In comparison to the national median property tax rate of 1.02%, Fall Branch offers significant savings for property owners. Such a competitive rate can be particularly appealing for those considering relocation or investment in this area. Whether you're a homeowner or a potential investor, understanding these dynamics can be crucial in making informed decisions about property ownership in Fall Branch.

Property Tax Rates Across Fall Branch, Sullivan County, Tennessee

Source: Ownwell

0.60%

0.85%

1.10%

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 Fall Branch Tax Rate

0.60%

Median Effective Sullivan County Tax Rate

0.60%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fall Branch, Sullivan County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37656	0.60%	0.60%	0.60%	0.60%	0.60%

Source: Ownwell

Property Tax Assessment Values Across Fall Branch, Sullivan County, Tennessee

When examining property taxes in Fall Branch, 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 Sullivan 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.

In Sullivan 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 Fall Branch. For example, the median home price in Fall Branch is $118,100, with tax bills ranging significantly across the county. Zip code 37656 has the highest median home price at $118,100.

Property Tax Assessment Values Across Fall Branch, Sullivan County, Tennessee

Source: Ownwell

$71,850

$119,925

$168,000

Median Fall Branch Market Value

$118,100

Median Sullivan County Market Value

$117,200

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fall Branch, Sullivan County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37656	$23,660	$65,200	$118,100	$209,400	$323,640

Source: Ownwell

Property Tax Bills Across Fall Branch, Sullivan County, Tennessee

In Fall Branch, Sullivan County, TN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is determined by the county assessor. Factors such as location, property size, and improvements can influence this valuation. For homeowners, understanding these elements is crucial as they directly impact the tax bill. In Fall Branch, the median home price stands at $118,100, with tax bills ranging from $362 at the 25th percentile to $1,922 at the 90th percentile. The median tax bill remains consistent at $702. Compared to the national median property tax rate of 1.02%, Fall Branch offers relatively affordable property taxes. However, even modest savings can significantly impact a homeowner's budget. Ownwell assists homeowners by identifying potential errors in assessments and ensuring eligibility for exemptions, ultimately helping to reduce property tax bills and alleviate financial burdens.

Property Tax Bills Across Fall Branch, Sullivan County, Tennessee

Source: Ownwell

$432

$759

$1,086

Median Fall Branch Tax Bill

$702

Median Sullivan County Tax Bill

$872

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Fall Branch, Sullivan County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37656	$142	$362	$702	$1,198	$1,922

Source: Ownwell