More Positive News For Gatlinburg Investors And Sellers

Posted by Gatlin on

Along with seeing signs of positive trends in the housing market nationwide and a in the Sevier County, Tennessee area, we have just come across more good news.

Frommer’s began as a travel guide-book series that started in 1957 and is one of the best-selling travel guides in America. They have an award-winning travel website, http://www.frommers.com/, that covers over 3,500 destinations. They have just announced that The Great Smoky Mountains National Park is the 2012 Top Family Destination in the world. They are giving the Great Smoky Mountains a large amount of publicity with their about the area.  How does this affect you as a seller or investor in Gatlinburg?

The Great Smoky Mountains National Park has the highest park visitation in the United States with over 9 million visitors each year. With the help of Frommer’s designation and with the fact that Gatlinburg is the gateway community to the park, we look forward to even more visitors than ever before.

As a seller, this kind of exposure is sure to bring more people to the area. Many visit Gatlinburg and are taken with all that the community offers; easy access to the park, numerous activities, shopping etc. Many buyers we come in to contact with say that they recently visited the area and are now looking to buy a second home here. With more people in the area, interest in real estate will spike and more people will begin to look. If you are thinking of selling let us know, we are happy to provide a to help you determine the potential value of your property.

As an investor, the area is known for beautiful vacation rental properties and mountain cabins with that special Smoky Mountain feel to them. There has been a decline in hotel stays as more people are renting condos or cabins when they visit. They are looking for an authentic mountain experience. As we begin having more and more people visiting the area, now may be a great time to look into purchasing a vacation rental for yourself. We are happy to obtain rental income history for any property you may be interested in as well as providing direction every step of the way. We can assist with statistics, picking a rental management company, a cash flow analysis and more.

Whether you are thinking of buying or selling, this designation is a very positive thing for Smoky Mountain real estate. Stop by our to see what’s going on in the market.

Here are a few of my featured listings:

 

Great Four Level Chalet/Nice Ridge View
Did $25,344 gross rental income in 2010 & $24,445 in 2011. Your own Mountain Escape. Very large 4 level chalet that sleeps 16. Big open space in all rooms and 4 levels of decks. Nice mountain views and walking distance to owners club and pools.
Type: Single Family Home
Location: Chalet Village
Price: $239,900
Get more information >

 

Busy Location for Office/Residential!
Great, busy location ideal for commercial office site. Has a separate entrance for lower level so could be used for two businesses or in-law quarters if used for residential.
Type: Office
Location: Sevierville,TN
Price: $329,900
Get more information >

 

Mt LeConte View w/Large Open Floor Plan
5 bedrooms all with in suite baths for privacy. Huge great room for those family gatherings and could walk to trolley to take to town or to Nat’l Park.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $315,000
Get more information >

 

Are We On Our Way To A Housing Market Recovery?

Posted by Gatlin on

As we follow market statistics, news and other sources it seems that we may be headed towards recovery. This week let’s take a look at what everyone is saying, what the trends are and what it all means as you are looking at the purchase or sale of a home.

On January 9th The added 40 new metro areas to its NAHB/First American Improving Markets Index. This is up from  only 41 improving areas  in December, with 31 states represented by at least one entry.The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. In a on January 12th David Crowe, NAHB Chief Economist states “2011 ended on a positive note with economic activity continuing to expand at a moderate rate and the housing sector finally gaining some positive momentum after bouncing along the bottom for most of the year.”

We are seeing banks taking measures to streamline the processing of  backlogged foreclosure inventory and aggressively seeking alternatives to foreclosure. Bank of America and a few other lenders are currently testing a few pilot programs to entice homeowners to pursue a short sale of their property in lieu of letting it go to foreclosure. So what does it all mean?

For sellers:
If you are thinking of selling your Smoky Mountain property, this is all good news. The Smoky Mountain area remained relatively stable throughout 2011, with only minor changes from 2010. You can find the 2011 statistics in our earlier blog post . At the turn of 2012 we have seen a definite spike in activity with interest rates at extreme lows & more qualified buyers entering the market looking for their own Smoky Mountain get away. With the phones ringing, email inquiries pouring in and the influx of people visiting the area to look at property, sellers are seeing a big increase in exposure of their homes to qualified buyers. We would be happy to provide you with a of your property to help you see what it’s true value is in the current market.

For buyers:
Looking to purchase a second home or investment property in the smokies? As mentioned above, we may begin to see less foreclosures, more stabilized prices and a more competitive market as the year progresses. There are many great opportunities still available in the current market and now may be the time to start looking to see what is available. Interest rates are remarkably low & we would be happy to assist you in getting pre-qualified for a mortgage to begin your buying process. For more information about getting pre-approved and why it is so important in today’s market please visit last week’s blog post .

See what opportunities the Smoky Mountain home market has to offer by viewing available homes at our .

Here are a few of my featured listings:

 

Small Price – Large Mountain Home
Almost $27,000 rental income for 2011! Great bargain for future income. Beautiful chalet with lots of room for entertaining.
Type: Single Family Home
Location: Chalet Village
Price: $189,900
Get more information >

 

Charming & Authentic Log Cabin
Did $22,907 in rental income from April – December of 2011. Charming and authentic log cabin located in desirable Sky Harbor community between tourist centers of Gatlinburg and Pigeon Forge.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $179,900
Get more information >

 

Smoky Mountain Money Maker
Smoky Mountain money maker did over $26,000 in rental income for both 2010 & 2011. Nestled in a resort like neighborhood this large cabin is filled with amenities & is close to Dollywood.
Type: Single Family Home
Location: Pigeon Forge
Price: $179,900
Get more information >

 

Why Should You Get Pre-Approved To Purchase A Smoky Mountain Home?

Posted by Gatlin on

Whether you are searching the web, talking to friends or getting ready to meet your you have most likely been asked if you are pre-approved. Ever wonder what all the buzz is about? Let’s take an in-depth look at what it means to be pre-approved, how to do it and why we think it is such an important first step in your home search.

What It Is:
A loan officer will review your financial status, including your income, cash flow and credit score, to help you determine the maximum monthly housing payment for which you may be able to qualify, and, if qualified, “pre-approve” your mortgage before you’ve found a home. 

How To Get It:
We suggest speaking with a few lenders to shop for rates and decide who you feel most comfortable with. A great place to start is at your current bank. Next, ask us for a . We have a network of lenders that we work with who are very familiar with all aspects of purchasing in the Smoky Mountains. It only takes a short amount of your time but the benefits of  being pre-approved are numerous.

The Benefits:
*Armed with a mortgage pre-approval, you can start searching for homes with a much better idea of your price range, and in turn save time as you will know the right homes to focus on. Obtaining a pre-approval may offer more confidence and certainty to home sellers in your ability to purchase the home.

*It will give you the ability to see the homes you want to see when you start looking. Many sellers in today’s market will not approve a showing without a pre-approval being provided ahead of time.

*Purchase forms often require buyers to apply for financing within a given time period, in many cases, seven to 10 days. By meeting with loan officers in advance and identifying mortgage programs, it won’t be necessary to quickly find a lender, check credit, and rush into a financing decision that may not be the best option.

*Being pre-approved may expedite the acceptance of your offer to purchase. Many sellers will not respond to an offer to purchase without a pre-approval letter. In the meantime, they can continue to consider other offers.

*You will be in a much better negotiating position with a pre-approval in hand especially in the case of multiple offers on the same property.

If you would like about pre-approval or would like one of our preferred lender partners to contact you please give us a call or email anytime. We look forward to assisting in your home purchase. While you are working on that pre-approval why not take some time to browse the variety of in the area?

Here are a few of my featured listings:

 

Smoky Mountain Money Maker
Smoky Mountain money maker did over $26,000 in rental income for both 2010 & 2011. Nestled in a resort like neighborhood this large cabin is filled with amenities & is close to Dollywood.
Type: Single Family Home
Location: Pigeon Forge
Price: $179,900
Get more information >

 

Award Winning Design & Mountain Views
This home’s commanding presence and awe inspiring setting have contributed to its status as an architectural icon. Award winning design and attention to detail create a distinctive home unlike any other you’ve seen.
Type: Single Family Home
Location: Chalet Village
Price: $899,900
Get more information >

 

Fantastic Rental Income & Mtn View!
Incredible furnished rental with fantastic Mt LeConte view. Lots of decks w/hot tub to enjoy the view. Bedroom suites with recreation room and kitchenette for entertaining. Lots of room for large groups. Sleeps 18.
Type: Single Family Home
Location: Sevierville,TN
Price: $399,900
Get more information >

 

 

What Makes The Great Smoky Mountains A Top Destination?

Posted by Gatlin on

Last week, we touched briefly on the recent that named Pigeon Forge #4 on its list of the top 15 United States vacation destinations “on the rise for 2012”.  Now we would like to explore some of the reasons the area could be named such a great destination and what this means to you in terms of a possible real estate purchase in The Great Smoky Mountains.

Trip Advisor attributed close proximity to the Great Smoky Mountains National Park, outdoor activities and other attraction options like Dollywood as a few of the advantages of Pigeon Forge. If we dig deeper into the area we will find a few other things that bring many people back to the area time and again.

First, Gatlinburg and Pigeon Forge boast America’s largest collection of independent artisans. Gatlinburg is the home of School of Arts & Crafts and the 8 mile loop known as The Arts & Crafts Trail.  Established in 1937 the Arts & Crafts Trail has been designated as part of the Tennessee Heritage Trail. Many events throughout the year, such as the twice a year Gatlinburg Craftsmen’s Fair, are centered around Smoky Mountain arts & crafts and attract many visitors, shoppers & craftsmen to the area.

Next, two-thirds of America is within a one day drive. With rising travel costs, the Smoky Mountains are an easy trip for a large portion of travelers to make.

The third point we would like to touch on is the wide variety of activities available. There is literally something for all ages, interests and budgets. Entrance to the Great Smoky Mountains National Park is free. You can spend time hiking, viewing wildlife, camping and much more within the park. Both Pigeon Forge and Gatlinburg boast numerous opportunities for shopping with outlet malls and smaller shops showcasing mountain heritage items. There are a wide variety of dinner shows, haunted houses, go-kart tracks and other family friendly attractions. Throughout the year you will find numerous special events going on, such as The Grand Rod Run car show, Wilderness Wildlife Week, Appalachian Quiltfest and many more.

The area has millions of visitors each year and many come to the area looking for a true mountain experience in a Smoky Mountain cabin. We feel that all of this combined with low property taxes & affordable home prices make this a top area to consider for a real estate investment. 

Our team is experienced in all aspects of purchasing a vacation rental home. We will be there from the very first steps of your search through helping you find the right rental management company. You can take a look at some of the great opportunities available at our . When the time is right we are ready to assist in any way we can. Give us a call and start  learning what America’s #4 destination has to offer.

Here are a few of my featured properties:

 

Mount Leconte Views
Beautiful mountain home with view, wrap around decks, updates throughout including kitchen, new appliances, quartz counter tops and glass tile back splash. Great for permanent residence or rental.
Type: Single Family Home
Location: Chalet Village
Price: $243,900
Get more information >

 

High on a Ridge outside of Gatlinburg
Log cabin high on a ridge with spectacular views of the Smokies. Excellent location- only 5 mins to Gatlinburg or Pigeon Forge. Cozy log construction.
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $129,900
Get more information >

 

Nature & Beautiful Mountain View
Plenty of community amenities, private, yet close to town. Enjoy nature and wildlife at this tastefully furnished log cabin from three covered decks, all with mountain views. Spacious for family gatherings, with two game rooms as well as a living room.
Type: Single Family Home
Location: Pigeon Forge
Price: $325,000
Get more information >

 

December Shows Smoky Mountain Homes For Sale Are Still Moving

Posted by Gatlin on

We wanted to take this time to look at how the last month of 2011 shaped up for the Smoky Mountain real estate market. We are still seeing a reasonably healthy market with only minor changes from 2010 and plenty of homes in inventory. If you are looking at purchasing investment property now may be the time. A recent article by www.WBIR.com says Pigeon Forge is getting more national attention as a top travel destination.  The article notes that Trip Advisor recently released its 2012 list of the “Top 15 US Destinations on the Rise” with Pigeon Forge making the list at number four. Trip Advisor said one of Pigeon Forge’s advantages is its close proximity to the Great Smoky Mountains National Park and its outdoor activities as well as other attraction options like Dollywood. Let’s take a look at the numbers and see if the Smoky Mountain area may be the perfect place for your next investment.

 In our first category, Total Residences Sold, we see that 2011 is only down by 64 homes from the previous year.

Total Residential Dollar Volume is also down from last year showing a decrease of 9%.

The Average Residential Sale shows only a small decrease of $8,647 from 2010.

Our last category, Active Listings, still shows an increase from last year with 7,071 homes available on the market to choose from. This is a change of 659 homes for sale.

It would seem that the Smoky Mountain area market is still somewhat stable. With plenty of homes on the market as well as all of the national attention as a top destination, this could be the perfect time & place to look at a potential investment home. Get started by looking at the wide array of homes available at .

 Here are a few of my featured listings:

 

Smoky Mountain Views Found Here!
Magnificent mountain views but just minutes to downtown Gatlinburg. This mountain get away is perfect for the buyer looking for a prime location at a great price.
Type: Single Family Home
Location: Chalet Village
Price: $154,900
Get more information >

 

Beautiful Ridge Top Property! Great Deal
Beautiful ridge top property with level building site. Clear a few trees to have a wonderful mountain view. Gravel driveway to the top of the ridge. VERY MOTIVATED SELLERS!
Type: Land
Location: Gatlinburg, Tennessee
Price: $39,900
Get more information >

 

Walk To Arts & Crafts Community
A very unique and artistic log home. Very private yet within walking distance to the arts and crafts community in Pittman Center. Beautiful mountain view from the stone patio,covered front porch w/hot tub, and lots of stained glass throughout.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $168,500
Get more information >

 

 

 

 

Are Homes In Gatlinburg Currently An Unbelievable Buy?

Posted by Gatlin on

Mountain homes across the East Tennessee Smokies have been attractive investments for many years. A recent article through the National Association of Realtors cites some evidence that the U.S. housing market could recover in 2012. Everyone knows that 2011 was a tough year for our country’s housing market. The market has been struggling to find a bottom and build some momentum for most of this year. However, there are forces building that will eventually propel sales and improve prices. NAR Chief Economist Lawrence Yun thinks 2012 will show improvement. Currently the Chief Economist feels restrictive mortgage credit conditions are keeping home sales low. In addition, confidence among consumers has been uncertain. These major factors are holding the market back. When new jobs begin to increase an escalating buyer confidence will emerge. Demand will be driven by the increase in human population growth.

If we see the economic improvements in 2012 inventories of homes should decline aided by weak new home construction. The decline in home inventory would stabilize prices and perhaps drive them higher. Mortgage interest rates are also currently projected to move up in 2012.

None of the 2012 improvements are guaranteed to occur. However, our year-end market in 2011 has good factors for home buyers. First, prices are well off of their highs and the inventory of properties for sale is abundant. Second, for qualified buyers, mortgage interest rates are close to historical lows. In addition, many foreclosures and other distressed properties are forcing prices down. When market forces change and buyer confidence rises, demand will lower inventory and prices will rise. If real estate is in your plans go on our website and begin your search at home. When you narrow your possible residences to purchase, call and set up an appointment with our team of professionals. Everything we do is geared to find you the Smoky Mountain home of your dreams. Call today!

Here are a few of my featured listings:

 

Wonderful Family Home/Fenced Yard!!
Great family home with additional space for possible, media room, in-laws quarters, or teenage paradise. 2 car garage, fenced back yard, and close to Knoxville or Sevierville.
Type: Single Family Home
Location: Sevierville,TN
Price: $269,900
Get more information >
Mountain Streams/View/Private Home
Fantastic creekside location on 1.84 acres in beautiful Pittman Center. Enjoy the ridge top views and private mountain stream from this log cabin. If privacy is what you want this is it. Even a level driveway and easy parking. Comm swimming pool access.
Type: Single Family Home
Location: Pittman Center
Price: $299,900
Get more information >
Sky Walk To Balcony & Mountain Views
Want a great investment property? Then this is it! Already on a rental program and has a great rental history. Recently updated, offers private bedroom suites, and has a sky walk to balcony and mountain views.
Type: Single Family Home
Location: Chalet Village
Price: $229,900
Get more information >

 

Homes For Sale In Gatlinburg & Other Select Areas Are Selling

Posted by Gatlin on

 

Our month end look at Smoky Mountain homes continues to reveal areas of strength. We work to give our blog readers helpful material. The Great Smoky Mountains Association of Realtors published their month totals of residential sales through the end of October 2011. The GSMAR data we use is year to date and it compares this year to the same timeframe for last year. As we mentioned in earlier blogs, some areas in GSMAR are outperforming last year by significant margins. Given our current national property market this is great news.

 In the category of Total Residences Sold, this year lags 2010 (1,343) by 114 residences sold or 8% lower in 2011.

Total Residential Dollar Volume Sold was also lower in 2011. 2010 had $224,584,192 or 11% more.

The average 2011 residential sale was close to the 2010 average at  3% or $4,996 lower.

In the last category of Active Listings, 2011 leads 2010 by 572. This 9% gain over 2010 leaves 2011 with 6,628 active listings.

Our local market within GSMAR is reasonably healthy. The change from last year is 11% or less in most categories. This could be a great time for some of our blog readers to pick up some great property. Sale inventory is up and mortgage rates are still very low. Kick things around and begin looking online. You can shop discreetly from your own home. Our team of professionals is ready to assist in many ways to help secure your dream property. Call us today to get started.

Here are a few of my featured listings:

 

Active Location for Office/Residential!
Great, busy location ideal for commercial office site. Has a separate entrance for lower level so could be used for two businesses or in-law quarters if used for residential.
Type: Office
Location: Sevierville,TN
Price: $329,900
Get more information >

 

Fantastic Rental Property/Mtn View
Fantastic rental income in 2010- $94,303!! Outstanding view of Mt LeConte in Smokies, with 5 master suites, media room, close to Gatlinburg, ski resort and National Park! Fully furnished!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $699,900
Get more information >

 

WHAT A BARGAIN! JUST REDUCED AGAIN!!!
Formal, custom built home on a very nice and private corner lot in beautiful neighborhood of Belle Meadows. Close to hospital and all the amenities that Sevierville has to offer.
Type: Single Family Home
Location: Sevierville,TN
Price: $269,900
Get more information >

 

 

Contemplating That Gatlinburg Home For Sale?

Posted by Gatlin on

Some of my sources suggest that mountain homes could be at a good time to buy. Recently, The Wall Street Journal printed an interesting article by Jack Hough of smartmoney.com. Mr. Hough puts forth some intriguing ideas on why it could currently be a great time to buy a house. United States home prices have dropped almost 1/3 since 2006 and homeownership rates are falling like they were in the great depression. This may appear alarming, but there is a silver lining. First, lower prices are bringing value to home ownership and there is plenty of home inventory to consider. Number crunchers dance the line between renting vs. buying. The benefit of renting over buying changes with current market conditions. Home price/rent ratios are much like stock price/earnings ratios. Lower price/rent ratios favor owners over renters. Moody’s Analytics reports that price/rent ratios at the peak of the bubble were 18.5. Now the ratio is down to 11.3. For comparison from 1989-2003 the national average was approximately 10. Mortgage rates are a primary factor in overall home costs. Rates across the country are close to all time lows. The rates move from 3.94% to 4.12%. This makes house payments more affordable than in years. The hurdle comes in qualifying for today’s tighter lending standards.

It is important to factor in the location of the housing market you are considering. Some, like Detroit or Miami are bargains, while New York or San Francisco are in demand and command a premium. The author favors a “buy and hold” position and discourages an invest and flip position. He also recommends careful shopping as prices could decline farther. However, high yields are challenging in many of today’s investments, so homes offer a firm, reasonable opportunity.

If you want to explore your options in today’s East Tennessee Smokies, begin on our website. There are ample options available to explore at your own pace in the privacy of your own home. Begin today to explore these exciting opportunities.

Here a few of my new & featured listings: 

 

Great Four Level Chalet/Nice Ridge View
Very large 4 level chalet that sleeps 16. Big open space in all rooms and 4 levels of decks. Nice mountain views and walking distance to owners club and pools.
Type: Single Family Home
Location: Chalet Village
Price: $279,900
Get more information >

 

A-Frame w/Serene Setting/Incredible View
Total privacy with this A Frame home with incredible mountain vista and mature native mountain laurel. Located in Gatlinburg and walking distance to community pools, tennis courts, and Ski Resort.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $159,900
Get more information >

 

Great Price For Beautiful Mountain View
Plenty of community amenities, private, yet close to town. Enjoy nature and wildlife at this tastefully furnished log cabin from three covered decks, all with mountain views. Spacious for family gatherings, with two game rooms as well as a living room.
Type: Single Family Home
Location: Pigeon Forge
Price: $325,000
Get more information >

 

Some Areas of Smoky Mountain Homes Are Red Hot!!

Posted by Gatlin on

When evaluating Gatlinburg real estate for sale, or other locations within the East Tennessee Smokies, it is crucial to rely on experienced expertise.  The seasoned advise of a true professional can literally save you a lot of money when shopping for property.  This week’s blog relies on data compiled by the Great Smoky Mountains Association of Realtors.  The GSMAR material evaluates residential sales figures across the region covered by their membership.  Residential sales for this blog are composed of; single family homes, condo’s, townhouses, and co-ops.  Our resources material shows that some areas within Great Smoky Mountain Association of Realtors are way ahead of this time frame one year earlier, while other locations have seriously declined.  In some aspects of property purchase, location becomes far more critical.  For instance, if one wants a residence for rental purposes or short-term investment, then the location becomes more crucial than a long-term purchase.  Be sure to define your real estate objectives and share these with your realtor so they can help you fulfill your property goals. 

In the category of Total Residence Sold, 2011 lags 2010 year to date by 100 (959 vs 1,059) or off by 9%.

For Total Dollar Volume Sold, 2010 again leads 2011 through the end of August by 10%. 2010 is $22,801,505.00 ahead in residential dollar volume over 2011.

In Average Residence Sold, 2011 narrowly lost out to 2010 YTD by $5,962.00 or 3%.

However, in the category of Active Listings 2011 leads 2010 by 563 or 10%.

Our blogs have long emphasized that real estate sales across this great nation have been skewed by government stimulus and other forces.  With current economic challenges at work, sales are resilient.  As we stated initially some areas are ahead of 2010 in their residential sales.  Clearly define your property purchase objectives and share these with your real estate professionals.  In this way, they can assist you to maximize your dreams. Contact us today!!

Here are a Few of My New Listings:

Breathtaking Mountain Views!!!!!
Enjoy the breathtaking mountain views from this chalet. Located close to town of Gatlinburg for all you shopping and dining adventures, yet private and quiet for your relaxation. Greenbrier River and Greenbrier entrance to the Nat’l Park just minutes away
Type: Single Family Home
Location: Pittman Center, TN
Price: $339,900
Get more information >
Furnished With Incredible Mountain Views
Great Rental History-2010 of $27,121. Mountain log home located near the Arts and Crafts Community of Gatlinburg and only minutes to downtown. Three master suites, lots of windows to enjoy the great mountain views, hardwood floors, & cathedral ceilings.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $239,900
Get more information >
Beautiful Ridge Top Property! Great Deal
Beautiful ridge top property with level building site. Clear a few trees to have a wonderful mountain view. Gravel driveway to the top of the ridge. VERY MOTIVATED SELLERS!
Type: Land
Location: Gatlinburg, Tennessee
Price: $70,000
Get more information >

A Look at 2011 Updated Property Taxes for Sevier County’s Smoky Mountain Real Estate

Posted by Gatlin on

 

I receive many questions regarding what our property taxes are here. So this week’s blog looks at Sevier County property taxes on mountain homes.  The property tax rate is per $100 assessed value of the home. County tax for Sevier County is $1.63 per $100 assessed value. City tax per $100 assessed value is:   Sevierville is $0.31. Pigeon Forge is $0.200, Gatlinburg is $0.1493, and Pittman Center is .85.  The ratio of assessment is 25% for residential/rental property. This applies to owner occupied homes and second homes.  See the examples below for a home assessed at $100,000 and $250,000.

                                           For Sevier County Tax
Sevier County tax is $1.63 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $1.63 = $407.50 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $1.63 = $1018.75 tax paid per year

                                                       For City Tax
Sevierville is $.31 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $.31 = $77.50 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $.31 = $193.75 tax paid per year

Pigeon Forge is $0.200 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $0.200 = $50.00 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $0.200 = $125.00 tax paid per year

Gatlinburg is $0.1493 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $0.1493 = $37.33 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $0.1493 = $93.31 tax paid per year

Pittman Center is $.85 per $100 assessed value:
$100,000 Home     25% of $100,000 = $25,000 x $.85 = $212.50 tax paid per year
$250,000 Home     25% of $250,000 = $62,500 x $.85 = $531.25 tax paid per year

Plus 30% of contents for personal property tax
There is no Income Tax
 
Many visitors to our area find our property taxes very reasonable.  The planning and working with tourist traffic over the years has helped to develop the Sevier County infrastructure.  The influx of visitors provided a revenue stream that has assisted in sharing the costs for developing the area.  This has helped to keep costs lower for residents by maintaining reasonable local living taxes.

If you are interested in living here, or owning investment property that keeps you coming back with tax incentives, then check out the Jason White Team website.  You set your own search criteria, and view only those properties that fit your criteria. When it is time to take a personal look, our team of property professionals are here to assist you.  Contact us today to begin your Smoky Mountain property acquisition.

Here are a Few of My New and Reduced Listings: 

Resort Living At It’s Best!!
Want the best close to town of Gatlinburg for shopping and dining? This resort offers a community pool for your enjoyment as well as utility water and sewer, garbage service and high speed internet.
Type: Land
Location: Gatlinburg, Tennessee
Price: $42,000
Get more information >
Build Your Dream Home/Black Bear Falls
Great building site in desirable Black Bear Falls in Gatlinburg. On site pool and easy access to all the attractions Gatlinburg has to offer.
Type: Land
Location: Gatlinburg, Tennessee
Price: $51,000
Get more information >
Fully Furnished Cedar and Stone Mtn Home
Contemporary cedar and stone mountain home sold fully furnished and close to the owner’s club w/ pools and tennis courts. Two private master suites each w/baths and balconies. Enjoy the cathedral ceilings, screened patio, sauna, and enclosed hot tub room.
Type: Single Family Home
Location: Chalet Village
Price: $199,900
Get more information >
Just Reduced! An Architectural Icon!
This commanding architectural icon is an award winning design. Fantastic floor plan, quality contruction, outrageous mountain views from all rooms, gas generator, lots or level parking and 5 master suites all with their own screened in porch. Must see!
Type: Single Family Home
Location: Chalet Village
Price: $899,900
Get more information >