Rate Breakdown

Property taxes in Knox County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Knox County

The property tax system in Knox County, Tennessee, is based on the assessed value of your property. The assessment process involves evaluating the market value of your property, which is then multiplied by the county's millage rate to determine your property tax liability.

Here's a step-by-step overview:

• The Knox County Assessor's office evaluates the market value of your property, taking into account factors like property type, size, location, and condition.
• The assessed value is then multiplied by the county's millage rate, which is expressed in mills (1/10th of 1%). For example, if the millage rate is 40 mills, and the assessed value is $100,000, your property tax liability would be $4,000 per year.
• Property taxes are typically due in two installments, with the first payment due in July and the second payment due in December.

Available Exemptions

Knox County offers several exemptions to help reduce property tax liability. These exemptions include:

• Homestead Exemption: Eligible homeowners can claim a $175,000 exemption from their property's assessed value, resulting in lower taxes.
• Senior Citizen Exemption: Homeowners aged 65 or older may be eligible for a $75,000 exemption, which can further reduce their taxes.
• Disability Exemption: Homeowners with a disability may be eligible for a $100,000 exemption, providing additional tax relief.
• Veteran Exemption: Eligible veterans may be exempt from all or a portion of their property taxes, depending on their level of service and disability status.

To qualify for these exemptions, you'll need to meet specific requirements, such as residency, income limits, and documentation of your status. Contact the Knox County Assessor's office for more information and to apply.

Payment Schedule & Deadlines

Property tax payments in Knox County are typically due in two installments:

• First Installment: July 1st of each year, payable to the Knox County Trustee's office.
• Second Installment: December 1st of each year, also payable to the Knox County Trustee's office.

It's essential to pay your property taxes on time to avoid late fees and penalties. If you're unable to pay your taxes by the due date, you may be eligible for an installment payment plan or a short-term payment extension. Contact the Knox County Trustee's office for more information.

Appealing Your Assessment

If you disagree with your property's assessed value or tax liability, you can appeal to the Knox County Board of Equalization. Here's a step-by-step guide:

• File a Petition: Submit a petition to the Knox County Assessor's office, stating your grounds for appeal and supporting documentation.
• Review and Response: The Assessor's office will review your appeal and respond in writing, either agreeing or denying your appeal.
• Board of Equalization Review: If your appeal is denied, you can request a review by the Knox County Board of Equalization, which will conduct a hearing to determine a final decision.

Contact the Knox County Assessor's office or a local tax professional for guidance on the appeals process and to ensure timely filing of your petition.