How much it property tax in Knoxville?

Asked by Bethani, 70605 Thu Oct 22, 2009

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3
Bob Evridge, , Knoxville, TN
Thu Oct 22, 2009
Let's see.....City taxes are $2.46 per $100 of assessed value. County taxes are $2.36 per $100 of assessed value. Together we get $4.82 per $100 of assessed value.

Residential property is assessed at 25 percent of the appraised value and taxes are levied on each $100 of assessed value.

So, if you have a house that has an appraised value (done by the tax assessor not an appraisal firm) of $100,000 then your taxes would be based on 25% of that which would be $25,000.

You can go at it several ways but:
$25,000 X 4.82 divided by 100 equals $1205.00 if you live in the city (City residents pay both city & county tax)
$25,000 x 2.36 divided by 100 equals $590.00.

There are always arguments whether to live in the city or county to escape paying city taxes. In the city, fire, police, trash, etc. are included in your taxes. If you live in the county you either haul your trash to a service center or pay a company to pick it up. You also must pay a subscription (usually based on square footage) for fire protection. Police service is provided by the county Sheriff. Public schools are paid out of taxes no matter where you live.

Hope this helps.


Best Wishes,

Bob Evridge
Dream Facilitator

REALTOR®, Broker, e-PRO,GRI
Hop Bailey Co.
310 Forest Park Blvd
Knoxville, TN 37919
"The Extra Mile Is Never Extra"
865-660-0198 DIRECT
865-684-4899 FAX
MailTo:Bob@BobEvridge.com
http://www.BobEvridge.com


Local people feel
2 votes
Brenda Jolly, Agent, Knoxville, TN
Thu Oct 22, 2009
City tax rate is $2.46 per $100 assessed value
County tax rate is $2.36 per $100 assessed value
Web Reference:  http://www.brendajolly.net
1 vote
Jim Lee, Agent, Portsmouth, TN
Thu Nov 5, 2009
City tax rate is $2.46 per $100 assessed value
County tax rate is $2.36 per $100 assessed value

If you buy a house and feel the tax appraisal values are too high there is a process to have those reduced.

"THE KNOX COUNTY EQUALIZATION BOARD

* The Knox County Ezualization Boards Meets in June every year

* Carefully examines, compares and equalizes the county assessments

* Assures that all taxable properties are included on the assessment lists

* Eliminates from the assessment lists such property as is lawfully exempt from taxation; provided, that if an application for exemption of such property is required under part 2 of this chapter, the property shall not be eliminated from the assessment lists unless such exemption is approved by an authorized designee of the state board of equalization

* Hears complaints of taxpayers who feel aggrieved on account of excessive assessments of their property

* Decreases the assessments of such properties as the board determines have been excessively assessed

* Increases the assessments of such properties as the board determines are under assessed; provided, that owners of such properties are duly notified and given an opportunity to be heard

* Corrects such errors arising from clerical mistakes or otherwise that may come or be brought to the attention of the board

* Takes whatever steps are necessary to assure that the assessments of all properties within its jurisdiction conform to laws of the state and rules and regulations of the state board of equalization."
0 votes
I have never in my life heard of any place charging both county and city taxes on homes. I was looking in knoxville for a home but not anymore
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