Hancock County, Tennessee Property Taxes
Census Bureau ACS property tax data for Tennessee. Population: 2,015.
The median annual property tax in Hancock County is $533, which is 48% lower than the Tennessee state average and 72% below the national average. The effective tax rate is 0.45% on a median home value of $118,000. Property taxes represent 1.7% of the median household income in this county.
Median Annual Tax
$533
-48% vs State
-72% vs US
Median Home Value
$118,000
-41% vs State
-44% vs US
Effective Tax Rate
0.45%
-12% vs State
-53% vs US
With vs Without Mortgage
With Mortgage
$876
$73/mo
Without Mortgage
$436
$36/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $533 -1.1% | 0.45% |
| 2022 | $539 +3.7% | 0.48% |
| 2021 | $520 -7.5% | 0.53% |
| 2020 | $562 +1.4% | 0.56% |
| 2019 | $554 | 0.54% |
Tax Burden
Tax-to-Income Ratio
1.7%
of median household income
Median Income
$31,995
per year
Monthly Tax
$44
per month
Other Counties in Tennessee
Lawrence County
Tax: $940/yr Rate: 0.53%
Davidson County
Tax: $2,390/yr Rate: 0.62%
Shelby County
Tax: $2,376/yr Rate: 1.03%
McMinn County
Tax: $707/yr Rate: 0.37%
Fentress County
Tax: $519/yr Rate: 0.34%
Scott County
Tax: $616/yr Rate: 0.53%
Frequently Asked Questions
What is the average property tax in Hancock County, Tennessee? ▼
The median annual property tax in Hancock County is $533 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.45% on a median home value of $118,000.
How does Hancock County property tax compare to the national average? ▼
Property taxes in Hancock County are 72% below the national average of $1,923. The effective rate of 0.45% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Hancock County? ▼
In Hancock County, homeowners with a mortgage pay a median of $876 in annual property taxes, while homeowners without a mortgage pay $436. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Hancock County? ▼
Property taxes in Hancock County represent approximately 1.7% of the median household income of $31,995. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.