Tellico Area Taxes And Insurance

Loudon County, Tennessee Property Tax and Loudon County Cost Of Living Information

Loudon County TN has the second lowest property tax rate in East Tennessee.

Tellico Village is one of the Best Retirement Communities for a Low Cost Of Living

Tellico Village Property Tax Calculation

Loudon County Property Tax Rate = $1.92/$100
City of Loudon Property Tax Rate = $1.07/$100

In Tellico Village only Loudon County Tax Rates are applied to Property Taxes (No City Taxes)!

Note: Tennessee Real Estate taxes are paid in arrears. The bill comes out in October and can be paid as late as February 28th with no penalties.

TENNESSEE HAS NO STATE INCOME TAX!

Real Estate Tax Calculation Examples:

Example 1:
Assessed Value of Home $500,000
25% of Assessed Value $125,000.00
2010 Millage Rate 19.2mills (0.0192)
Real Estate Tax = ($125,000) x (0.0192mills) = $2,400.00

Example 2:
Assessed Value of Home $400,000
25% of Assessed Value $100,000.00
2010 Millage Rate 19.2mills (0.0192)
Real Estate Tax = ($100,000) x (0.0192mills) = $1,920.00

Example 3:
Assessed Value of Home $300,000
25% of Assessed Value $75,000.00
2010 Millage Rate 19.2mills (0.0192)
Real Estate Tax = ($75,000) x (0.0192mills) = $1,440.00

Example 4:
Assessed Value of Home $200,000
25% of Assessed Value $50,000.00
2010 Millage Rate 19.2mills (0.0192)
Real Estate Tax = ($50,000) x (0.0192mills) = $960.00

* Tellico Village employs a full time staff, vehicles and equipment to maintain all the common areas and roads within Tellico Village. All property owners in Tellico Village pay a monthly Property Owners Association fee of $94.50 for operational and maintenance services (The same fee is applicable to all Tellico Village homeowers regardless of the value of their individual properties).

Insurance Costs:

Loudon County Insurance Costs:

Actual Loudon County Insurance Example:

Market Value of Insured Lakefront Home $800,000

2 Cars Insured

27’ Pontoon Boat Insured

Annual Cost of Insurance = $2,400

* Insurance costs vary based upon the policy holder’s credit rating, deductibles, items covered, limits, location, etc.

Most residents who have moved here from other areas of the country have experienced a dramatic reduction in their annual, recurring cost of living… including taxes and insurance. Tellico Village is one of the Best Retirement Communities to live in if you’re on a fixed income.

Downtown Knoxville On The Tennessee River

Knoxville, Tennessee Cost of Living Information

Knoxville is well below the national average for Cost of Living.