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Knox County TN Property Tax: Your Ultimate Guide (2023 Update)

Introduction

Knox County, Tennessee homeowners need to be aware of the property tax system in place. This guide will provide you with all the information you need to know about property taxes in Knox County, including how they are assessed, how to pay them, and how to appeal your assessment.

How Are Property Taxes Assessed in Knox County?

Property taxes in Knox County are assessed by the Knox County Property Assessor's Office. The assessor's office uses a variety of factors to determine the value of your property, including:

The square footage of your home
The number of bedrooms and bathrooms
The age of your home
The condition of your home
The location of your home

The assessor's office will then use this information to calculate your property's taxable value. Your taxable value is the amount of money that your property is worth for the purposes of taxation.

knox county tn property tax

How Much Are Property Taxes in Knox County?

The property tax rate in Knox County is $2.23 per $100 of taxable value. This means that if your property has a taxable value of $100,000, you will pay $2,230 in property taxes each year.

Knox County TN Property Tax: Your Ultimate Guide (2023 Update)

However, there are a number of exemptions and deductions that can reduce your property tax bill. For example, homeowners who are over the age of 65 or who are disabled may be eligible for a property tax freeze.

When Are Property Taxes Due in Knox County?

Property taxes in Knox County are due on October 1st of each year. If you do not pay your property taxes by this date, you will be charged a late penalty.

How Can I Pay My Property Taxes in Knox County?

There are a number of ways to pay your property taxes in Knox County. You can pay online, by mail, or in person at the Knox County Property Assessor's Office.

Introduction

What Happens If I Don't Pay My Property Taxes in Knox County?

If you do not pay your property taxes by the due date, you will be charged a late penalty. The late penalty is 10% of the amount of taxes that you owe.

If you do not pay your property taxes for more than two years, your property may be sold at a tax sale.

How Can I Appeal My Property Tax Assessment in Knox County?

If you believe that your property has been assessed incorrectly, you can appeal your assessment. To appeal your assessment, you must file a petition with the Knox County Board of Equalization.

The Board of Equalization will then review your assessment and make a decision on whether or not to reduce your property's taxable value.

Conclusion

Property taxes are a significant expense for homeowners in Knox County. However, there are a number of ways to reduce your property tax bill. By understanding the property tax system in Knox County, you can make sure that you are paying your fair share of taxes.

Frequently Asked Questions

Q: What is the property tax rate in Knox County?
A: The property tax rate in Knox County is $2.23 per $100 of taxable value.

Q: When are property taxes due in Knox County?
A: Property taxes in Knox County are due on October 1st of each year.

Q: How can I pay my property taxes in Knox County?
A: You can pay your property taxes in Knox County online, by mail, or in person at the Knox County Property Assessor's Office.

Q: What happens if I don't pay my property taxes in Knox County?
A: If you do not pay your property taxes by the due date, you will be charged a late penalty. If you do not pay your property taxes for more than two years, your property may be sold at a tax sale.

Q: What is the property tax rate in Knox County?

Q: How can I appeal my property tax assessment in Knox County?
A: To appeal your property tax assessment in Knox County, you must file a petition with the Knox County Board of Equalization.

Additional Resources

Tables

Table 1: Knox County Property Tax Rates

Property Type	Tax Rate
Residential	$2.23 per $100 of taxable value
Commercial	$2.73 per $100 of taxable value
Industrial	$2.93 per $100 of taxable value

Table 2: Knox County Property Tax Exemptions

Exemption	Description
Homestead Exemption	This exemption is available to homeowners who are over the age of 65 or who are disabled. The exemption reduces the taxable value of your home by $25,000.
Disability Exemption	This exemption is available to homeowners who are disabled. The exemption reduces the taxable value of your home by $10,000.
Veteran's Exemption	This exemption is available to veterans who are disabled. The exemption reduces the taxable value of your home by $5,000.

Table 3: Knox County Property Tax Payment Options

Payment Option	Description
Online	You can pay your property taxes online using the Knox County Property Assessor's Office website.
By Mail	You can mail your property tax payment to the Knox County Property Assessor's Office.
In Person	You can pay your property taxes in person at the Knox County Property Assessor's Office.

Table 4: Knox County Property Tax Due Dates

Due Date	Description
October 1st	This is the due date for all property taxes in Knox County.
February 28th	This is the due date for the second installment of property taxes for homeowners who have elected to pay their taxes in two installments.