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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Lake County, Tennessee

Lake County has an effective property tax rate of 0.67%. On the median home value of $97,900, that's roughly $653 per year. Median household income is $28,814.

Effective Property Tax Rate1
0.67%
median tax $653 ÷ median home $97,900
Median Home Value1
$97,900
owner-occupied
Median Household Income1
$28,814
per-capita $16,062
Est. Annual Tax on Median Home1
$653
at 0.67% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricLake CountyTennessee (state context)
Effective property tax rate10.67%0.47%
Median home value1$97,900—
State income tax3No state income taxNo state income tax
State sales tax39.61% combined9.61% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Lake County, TN

Property taxes in Lake County, Tennessee run at an effective rate of 0.667%, which sits well above the statewide median of 0.467%. Only one other county in Tennessee has a higher rate, placing Lake County second out of 95. Against the national median of 0.794%, however, the county's rate falls below average. A median home value of $97,900 produces an annual tax bill of about $653. With median household income at $28,814 and per-capita income at $16,062, that tax load lands in a community where earnings are limited. Wynnburg, the county's principal town, reflects this rural setting. The picture here is one of tension: a rate that outpaces most of Tennessee yet stays under the national figure, applied to property values and incomes that are both quite low.

Frequently asked questions

What is the property tax rate in Lake County, TN?
The effective rate is 0.67% — meaning the median tax bill equals about 0.67% of the median home value.
How much are property taxes on a median home?
On the median home ($97,900), the estimated annual bill is about $653.
Is Lake County's rate high or low?
Compare it to the state median of 0.47% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Lake County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Lake County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.