Property tax in Tennessee: 0.5%
The median Tennessee homeowner pays $1,442 a year on a home worth $286,700, an effective rate of 0.5%. That ranks 43rd of 51, between Utah (0.52%) and Delaware (0.5%). At the median state's 0.8% the same $286,700 home would owe $860 more a year.
In dollars, Tennessee has the 23rd-lowest median home value and the 7th-smallest median bill of the 51. By home value it sits between North Carolina ($288,900, taxed at 0.66%) and Texas ($283,800, 1.49%).
| Rank | State | Effective rate | Median bill | Median home value |
|---|---|---|---|---|
| 41 | West Virginia | 0.53% | $865 | $162,600 |
| 42 | Utah | 0.52% | $2,525 | $489,400 |
| 43 | Tennessee | 0.5% | $1,442 | $286,700 |
| 44 | Delaware | 0.5% | $1,768 | $352,000 |
| 45 | Idaho | 0.49% | $2,038 | $418,600 |
Tennessee property tax by home price
At county rates the median-value home would owe $1,376 a year in Knox County and $2,953 in Shelby County, against $1,442 at the statewide figure.
| Home value | Per year | Per month | vs. median state (0.8%) |
|---|---|---|---|
| $145,000 (half the median) | $725 | $60 | −$435 |
| $286,700 (median) | $1,434 | $119 | −$860 |
| $430,000 (1.5× the median) | $2,150 | $179 | −$1,290 |
| $575,000 (twice the median) | $2,875 | $240 | −$1,725 |
Property tax by county in Tennessee
Across the 3 largest Tennessee counties, measured effective rates run from 0.48% in Knox County to 1.03% in Shelby County; 2 of them sit above the statewide 0.5%.
| County | Main cities | Population | Effective rate | Median home value | Median tax |
|---|---|---|---|---|---|
| Shelby County | Memphis | 922,195 | 1.03% | $229,700 | $2,376 |
| Davidson County | Nashville | 709,846 | 0.62% | $386,600 | $2,390 |
| Knox County | Knoxville | 487,401 | 0.48% | $279,700 | $1,332 |