Maynardville, Union County, Tennessee Property Taxes

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

Median Maynardville, TN effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Maynardville, TN home value: $151,550
Median annual Maynardville, TN tax bill: $667, $1,733 lower than the national median property tax bill of $2,400.

How are property taxes in Union County calculated?

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

Last Updated March 1, 2025

Maynardville, Union County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.47%

Estimate Property Tax Bill

$712

$661

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

Property Tax Rates Across Maynardville, Union 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. Below, you can compare Maynardville’s effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.

Property Tax Rates Across Maynardville, Union County, Tennessee

Source: Ownwell

0.47%

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 Maynardville Tax Rate

0.47%

Median Effective Union County Tax Rate

0.47%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Maynardville, Union County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
37807	0.20%	0.47%	0.47%	0.48%	0.48%

Source: Ownwell

Property Tax Assessment Values Across Maynardville, Union County, Tennessee

When examining property taxes in Maynardville, 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 Union 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 Union 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 Maynardville.

For example, the median home price in Maynardville is $151,550, with tax bills ranging significantly across the county. Zip code 37807 has the highest median home price at $151,550.

Property Tax Assessment Values Across Maynardville, Union County, Tennessee

Source: Ownwell

$98,600

$145,650

$192,700

Median Maynardville Market Value

$151,550

Median Union County Market Value

$148,500

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Maynardville, Union County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
37807	$29,500	$79,200	$151,550	$213,300	$311,930

Source: Ownwell

Property Tax Bills Across Maynardville, Union County, Tennessee

In Maynardville, located in Union County, TN, property taxes are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Maynardville experience a range of property tax bills, with the 25th percentile at $256 and the 75th percentile reaching $968. The highest median tax bill in the area is $667, which is significantly lower than the national median property tax bill of $2400. This relatively low tax burden can be advantageous for homeowners, but it also means that any unnecessary overassessment can have a noticeable impact on their finances. Ownwell assists homeowners in reducing their property tax bills by identifying potential overassessments and filing appeals on their behalf. By leveraging expert knowledge and local market data, Ownwell ensures that homeowners pay only their fair share, potentially leading to substantial savings.

Property Tax Bills Across Maynardville, Union County, Tennessee

Source: Ownwell

$508

$753

$997

Median Maynardville Tax Bill

$667

Median Union County Tax Bill

$637

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Maynardville, Union County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
37807	$24	$256	$667	$968	$1,366

Source: Ownwell