Rate Breakdown

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

Authority	Avg. Rate
County General Fund	0.45%
School District (Avg)	1.20%
City / Local (Avg)	0.35%

How Property Tax Works in Marion County

Property tax in Marion County, Tennessee is a vital source of revenue for local government. The process begins with property assessment, where the value of each property is determined. This is typically done annually by the Marion County Assessor of Property. The assessed value is then multiplied by the millage rate, also known as the tax rate, to calculate the property tax owed. The millage rate is set by the Marion County Commission and is used to fund local governments and schools. The millage rate is based on the county's budget and is expressed in mills (1 mill = $1 per $1,000 of assessed value). For example, if the millage rate is 30 mills and the assessed value of a property is $100,000, the property tax owed would be $3,000 per year ($100,000 x 30 mills). Here's a breakdown of the property tax calculation: 1. Determine the assessed value of the property. 2. Multiply the assessed value by the millage rate (in mills). 3. Divide the result by 1,000 to get the property tax owed.

It's essential to understand that property tax rates can vary depending on the location within Marion County. Some areas may have higher or lower tax rates due to local factors such as school district funding or infrastructure needs.

Available Exemptions

Marion County offers various property tax exemptions to qualifying residents. These exemptions can help reduce the amount of property tax owed. The available exemptions include:

• Homestead Exemption: Eligible homeowners can claim a homestead exemption worth up to $2,500 in property tax savings. To qualify, the property must be the homeowner's primary residence and be owned and occupied by the homeowner or their spouse.
• Senior Citizen Exemption: Senior citizens who are 65 or older and own and occupy their primary residence may be eligible for a $1,500 exemption.
• Disability Exemption: Residents with a disability may be eligible for a $1,500 exemption.
• Veteran Exemption: Veterans who are 100% disabled or who have a Purple Heart may be eligible for a $1,500 exemption.

To claim an exemption, you must submit an application to the Marion County Assessor of Property by the deadline, usually in March.

Payment Schedule & Deadlines

Property tax payments in Marion County are typically due on November 30th, with a second installment due on February 28th of the following year. You can pay your property tax in full or opt for an installment plan.

• Full Payment: Pay the entire property tax amount by November 30th to avoid interest and penalties.
• Installment Plan: Divide your property tax into two installments, with the first payment due on November 30th and the second payment due on February 28th.

Failure to make timely payments may result in late fees and penalties. It's essential to check your property tax bill and payment schedule to avoid any potential issues.

Appealing Your Assessment

If you disagree with your property tax assessment, you can appeal to the Marion County Board of Equalization. The appeal process typically involves submitting a written application to the board, which will review your assessment and make a decision.

Here are the general steps to appeal your assessment:

• Submit a written application to the Marion County Board of Equalization within 45 days of receiving your property tax bill.
• Provide evidence to support your appeal, such as comparable sales data or evidence of errors in the assessment.
• The board will review your application and make a decision.

It's essential to understand the appeal process and deadlines to ensure you receive a fair assessment of your property.