Lake County, Tennessee Property Taxes
Census Bureau ACS property tax data for Tennessee. Population: 915.
The median annual property tax in Lake County is $758, which is 25% lower than the Tennessee state average and 61% below the national average. The effective tax rate is 0.71% on a median home value of $107,000. Property taxes represent 2.5% of the median household income in this county.
Median Annual Tax
$758
-25% vs State
-61% vs US
Median Home Value
$107,000
-47% vs State
-49% vs US
Effective Tax Rate
0.71%
+39% vs State
-25% vs US
With vs Without Mortgage
With Mortgage
$893
$74/mo
Without Mortgage
$731
$61/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 | $758 +7.2% | 0.71% |
| 2022 | $707 -6.4% | 0.63% |
| 2021 | $755 +3.3% | 0.77% |
| 2020 | $731 +20.4% | 0.80% |
| 2019 | $607 | 0.75% |
Tax Burden
Tax-to-Income Ratio
2.5%
of median household income
Median Income
$30,500
per year
Monthly Tax
$63
per month
Other Counties in Tennessee
Hancock County
Tax: $533/yr Rate: 0.45%
Lauderdale County
Tax: $808/yr Rate: 0.66%
Franklin County
Tax: $1,218/yr Rate: 0.56%
Stewart County
Tax: $951/yr Rate: 0.52%
Shelby County
Tax: $2,376/yr Rate: 1.03%
Johnson County
Tax: $673/yr Rate: 0.38%
Frequently Asked Questions
What is the average property tax in Lake County, Tennessee? ▼
The median annual property tax in Lake County is $758 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.71% on a median home value of $107,000.
How does Lake County property tax compare to the national average? ▼
Property taxes in Lake County are 61% below the national average of $1,923. The effective rate of 0.71% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Lake County? ▼
In Lake County, homeowners with a mortgage pay a median of $893 in annual property taxes, while homeowners without a mortgage pay $731. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Lake County? ▼
Property taxes in Lake County represent approximately 2.5% of the median household income of $30,500. 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.