Estimate your Tennessee property tax based on the state's 0.58% average effective rate. Enter your home value for an instant, free calculation.
Enter any tax exemption amount you qualify for in Tennessee
Tennessee has a very low effective property tax rate of 0.58%, ranking 43rd nationally. The state has no income tax on wages, and property taxes are kept relatively low through a combination of state-level policy and relatively modest local service requirements.
Tennessee assesses residential property at 25% of appraised value. Commercial and industrial property is assessed at 40%. Mill rates are then applied to the assessed value. School funding in Tennessee relies less heavily on local property taxes than in many other states.
| Home Value | Estimated Annual Tax | Monthly (Escrow) |
|---|---|---|
| $250,000 | $1,450 | $120/mo |
| $282,100 (median) | $1,636 | $136/mo |
| $600,000 | $3,480 | $290/mo |
Tennessee offers a property tax relief program for homeowners 65+ with income under $31,600 (in 2024), veterans with 100% disability, and surviving spouses of military personnel. The relief amount is based on the first $175,000 of appraised value.
Tennessee property taxes are due in the fall (usually October 1–December 31), varying by county.
Williamson County (Franklin/Brentwood, Nashville suburbs) has the highest home values in Tennessee and above-average rates. Shelby County (Memphis) has high rates due to urban service demands.