Hancock County

Hancock County, Tennessee

Effective Tax Rate

0.45%

Median Annual Tax

$533

How Hancock County Compares

Median Annual Property Tax

Hancock County$533
Tennessee State Average$1,016
National Average$1,924

Hancock County

0.45%

Effective rate

Tennessee Avg

0.50%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$876

per year

Without Mortgage

$436

per year

Estimate Your Property Tax

$

Annual Tax

$533

Monthly Escrow

$44

Effective Rate

0.45%

vs. Tennessee State Average47.5% below
vs. National Average80.2% below
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Frequently Asked Questions

What is the property tax rate in Hancock County, Tennessee?
The effective property tax rate in Hancock County, Tennessee is 0.45%. This rate is calculated by dividing the median property tax payment by the median home value in the county.
How much are property taxes in Hancock County?
The median annual property tax payment in Hancock County is $533. Homeowners with a mortgage pay a median of $876, while those without a mortgage pay $436.
How does Hancock County compare to the Tennessee average?
Hancock County's effective tax rate of 0.45% is lower than the Tennessee state average of 0.50%. The median annual property tax in Hancock County is $533, compared to the state average of $1,016.
What is the median home value in Hancock County, Tennessee?
The median home value in Hancock County, Tennessee is $118,000, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
How are property taxes calculated in Tennessee?
Property taxes in Tennessee are calculated based on the assessed value of your property multiplied by the local mill levy (tax rate). The assessed value is determined by your county assessor and may differ from market value. Homeowners may qualify for exemptions such as homestead, senior, veteran, or disability exemptions that can reduce the taxable value. Tax rates vary by county and include levies for schools, municipal services, and special districts.

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Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.