Rate Breakdown

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

How Property Tax Works in Montgomery County

Property taxes in Montgomery County, Tennessee are calculated based on the assessed value of your property multiplied by the applicable millage rate. The assessment process begins when the county's assessor's office evaluates the value of real estate properties. This is usually done annually, and the assessed value is then used to calculate the tax liability.

The millage rate, also known as the tax rate, is set by the county commission and is used to calculate the tax amount. The millage rate is expressed as a fraction of a dollar per $100 of assessed value. For example, a millage rate of 0.90 would mean you pay $90 in property taxes for every $100,000 of assessed value.

Here's an example of how property tax is calculated:

• Assessed Value: $200,000
• Millage Rate: 0.90
• Property Tax: $1,800 (=$200,000 x 0.009)

Available Exemptions

Tennessee offers various exemptions for eligible property owners in Montgomery County:

• Homestead Exemption: Eligible homeowners may be eligible for a $25,000 exemption on their primary residence. To qualify, you must own and occupy the property as your primary residence and meet certain income requirements.
• Senior Citizen Exemption: Residents 65 years or older may be eligible for a $100,000 exemption on their primary residence, provided they meet certain income requirements and own the property.
• Disability Exemption: Residents with a disability may be eligible for a $100,000 exemption on their primary residence, provided they meet certain income requirements and own the property.
• Veteran Exemption: Eligible veterans may be eligible for a $100,000 exemption on their primary residence, provided they meet certain requirements and own the property.

Please note that these exemptions may have specific requirements and deadlines, so it's essential to check with the Montgomery County Assessor's Office for more information.

Payment Schedule & Deadlines

Property tax payments in Montgomery County are due on August 1st and November 1st of each year. You can pay your property taxes in full or opt for an installment payment plan:

• Full Payment: Pay the full amount by August 1st to avoid late fees and interest.
• Installment Plan: Divide your tax liability into two installments: 50% due by August 1st and the remaining 50% due by November 1st.

Failure to pay by the deadline will result in late fees and interest charges. You can pay your property taxes online, by mail, or in person at the Montgomery County Courthouse.

Appealing Your Assessment

If you disagree with your property assessment, you can appeal to the Montgomery County Board of Equalization:

• File an Appeal: Submit a written appeal to the Board of Equalization within 60 days of receiving your assessment notice.
• Attend a Hearing: You will be notified of a hearing date and time to present your case to the Board.
• Review and Decision: The Board will review your case and make a decision, which may result in a change to your assessed value or tax liability.

For more information on the appeals process, please contact the Montgomery County Assessor's Office.