Tax Information

Property Tax Rates  
Loudon County has the second lowest property tax rate in East Tennessee.
County property tax rate = $1.84/$100
City of Loudon property tax rate = $1.07/$100
Note: Tennessee Real Estate taxes are paid in arrears. The bill comes out in October and can be paid as late as February 28th with no penalties.
NO STATE INCOME TAX!

Example 1:
Assessed Value of Home $500,000.00
25% of Assessed Value $125,000.00
2005 Millage Rate 18.4mills (0.0184)
Real Estate Tax = ($125,000) x (0.0184mills) = $2,300.00

Example 2:
Assessed Value of Home $400,000.00
25% of Assessed Value $100,000.00
2005 Millage Rate 18.4mills (0.0184)
Real Estate Tax = ($100,000) x (0.0184mills) = $1,840.00

Example 3:
Assessed Value of Home $300,000.00
25% of Assessed Value $75,000.00
2005 Millage Rate 18.4mills (0.0184)
Real Estate Tax = ($75,000) x (0.0184mills) = $1,380.00

Example 4:
Assessed Value of Home $200,000.00
25% of Assessed Value $50,000.00
2005 Millage Rate 18.4mills (0.0184)
Real Estate Tax = ($50,000) x (0.0184mills) = $920.00