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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Monroe County, Tennessee

Monroe County has an effective property tax rate of 0.41%. On the median home value of $227,500, that's roughly $934 per year. Median household income is $56,895.

Effective Property Tax Rate1
0.41%
median tax $934 ÷ median home $227,500
Median Home Value1
$227,500
owner-occupied
Median Household Income1
$56,895
per-capita $29,835
Est. Annual Tax on Median Home1
$934
at 0.41% 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.

MetricMonroe CountyTennessee (state context)
Effective property tax rate10.41%0.47%
Median home value1$227,500—
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 Monroe County, TN

Property taxes in Monroe County, Tennessee run at an effective rate of 0.411%, which sits below Tennessee's statewide median of 0.467%. Among the state's 95 counties, this one ranks 73rd, placing it among the lower-taxed areas in Tennessee. The gap with the national median of 0.794% is wider still — roughly half the country's typical rate. That difference shows up in actual bills: with a median home value of $227,500, the median annual real-estate tax comes to $934. Households here earn a median of $56,895, with per-capita income at $29,835. Communities like Tellico Plains and Reliance anchor the county's residential base. What this signals is a county where property taxation takes a smaller share of housing costs than in most of Tennessee and in the country as a whole, a pattern that tends to appeal to buyers weighing long-term ownership expenses against local incomes.

Frequently asked questions

What is the property tax rate in Monroe County, TN?
The effective rate is 0.41% — meaning the median tax bill equals about 0.41% of the median home value.
How much are property taxes on a median home?
On the median home ($227,500), the estimated annual bill is about $934.
Is Monroe 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 Monroe 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 Monroe 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.