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General Facts
Climate
Property Tax
The Town of Farragut does not have a municipal property tax. Farragut residents pay the same property tax as other Knox County residents, $2.32 per $100 of assessed property value. Property is assessed at 25% of the residential market value and 40% of the commercial market value. Sales tax in Knox County is 9.25% except for groceries, which are taxed at 5.25%.
- Annual Average Temperature: 70 degrees
- Monthly Average High Temp: January 46 degrees, July 88 degrees
- Monthly Average Low Temp: January 30 degrees, July 65 degrees
- Annual Average Precipitation: 47.86 inches
- Annual Average Snowfall: 6 inches
- Elevation: 936 feet above sea level
- Prevailing Winds: Southwest
- Mean Length of Freeze-Free Period: 214 days
- Population: 20,676
- Households: 7,982
- Median Age: 45
- Median Household Income: $108,000
Property Tax
The Town of Farragut does not have a municipal property tax. Farragut residents pay the same property tax as other Knox County residents, $2.32 per $100 of assessed property value. Property is assessed at 25% of the residential market value and 40% of the commercial market value. Sales tax in Knox County is 9.25% except for groceries, which are taxed at 5.25%.