Gray, Washington County, Tennessee Property Taxes
Median Gray, TN effective property tax rate: 0.54%, significantly lower than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Gray, TN home value: $45,000
Median annual Gray, TN tax bill: $248, $2,152 lower than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in Gray, 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 Gray’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gray, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gray, Washington County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.54%
Estimate Property Tax Bill
$243
$225
Property Tax Rates Across Gray, Washington County, Tennessee
Local government entities are responsible for setting tax rates, which can vary significantly within Tennessee. Each year, counties estimate the budget required to provide services and divide it by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws are involved in the process, this is the essence of how property tax rates are determined annually.
In Gray, Washington County, the effective property tax rate is 0.54%, which is notably lower than the national median property tax rate of 1.02%. This means residents in Gray benefit from a comparatively lower property tax burden. When compared to other areas within Tennessee, Gray maintains a consistent rate, which can be appealing for homeowners seeking affordability. The lower tax rate can be attributed to various factors, including local budgetary needs and property values. Understanding these rates and how they are set can empower homeowners to make informed decisions about their property taxes. With these insights, residents can better navigate the complexities of property taxation and potentially explore appealing their property tax assessments if they believe they are over-assessed.
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 Gray Tax Rate
0.54%
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 Washington County Tax Rate
0.54%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gray, Washington County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37615 | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Gray, Washington County, Tennessee
When examining property taxes in Gray, 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 Washington 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 Washington 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 Gray. For example, the median home price in Gray is $45,000, with tax bills ranging significantly across the county. Zip code 37615 has the highest median home price at $45,000.
Property Tax Assessment Values Across Gray, Washington County, Tennessee
Source: Ownwell
$6,900
$265,150
$523,400
Median Gray Market Value
$45,000
Median Washington County Market Value
$131,500
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gray, Washington County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37615 | $7,000 | $14,325 | $45,000 | $210,825 | $249,100 |
Source: Ownwell
Property Tax Bills Across Gray, Washington County, Tennessee
Median Gray Tax Bill
$248
Median Washington County Tax Bill
$882
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Gray, Washington County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37615 | $38 | $81 | $248 | $1,136 | $1,339 |
Source: Ownwell