What is the property tax rate in Tennessee?

Tennessee has an effective property tax rate of 0.50%, ranking it #44 out of 50 states. The median homeowner pays $1,442 per year.

How are property taxes calculated in Tennessee?

Property taxes in Tennessee are calculated by multiplying the assessed value of your property by the local tax rate (millage rate). The effective rate shown here (0.50%) represents the median taxes paid as a percentage of median home value across the state.

Which county in Tennessee has the lowest property taxes?

Among Tennessee's 95 counties, Wilson County has one of the lowest effective property tax rates.

Does Tennessee have a homestead exemption?

Yes, Tennessee offers several property tax exemptions including: Tax Relief (Over 65/Disabled), Disabled Veteran. See the exemptions section above for details.

Tennessee Property Tax Rate

95 Counties

0.50%effective rate

Tennessee has an effective property tax rate of 0.50%, ranking it #44 among all 50 states. The median homeowner in Tennessee pays $1,442 per year in property taxes on a home valued at $286,700. This rate is 46% lower than the national average of 0.92%.

Effective Tax Rate📊

0.50%

#44 of 50 states

Median Tax Paid🏠

$1,442

Per year

Median Home Value💰

$286,700

2024 estimate

Total Counties📍

Population: 7,066,383

Property Tax Rates by County in Tennessee

Rank ▲	County	Effective Rate	Median Tax	Median Value
#1	Shelby County	0.98%	$2,429	$249,100
#2	Lake County	0.67%	$653	$97,900
#3	Gibson County	0.66%	$1,039	$156,900
#4	Dyer County	0.63%	$1,047	$166,400
#5	Hardeman County	0.63%	$764	$121,700
#6	Hamilton County	0.62%	$1,925	$312,800
#7	Haywood County	0.62%	$952	$152,400
#8	Montgomery County	0.61%	$1,697	$280,200
#9	Davidson County	0.60%	$2,506	$417,400
#10	Crockett County	0.59%	$930	$158,900
#11	Lauderdale County	0.59%	$844	$143,200
#12	Carroll County	0.58%	$821	$142,400
#13	Sullivan County	0.58%	$1,234	$213,300
#14	Cocke County	0.57%	$898	$158,100
#15	Coffee County	0.57%	$1,407	$246,800
#16	Clay County	0.56%	$769	$136,400
#17	Madison County	0.56%	$1,185	$211,800
#18	Anderson County	0.54%	$1,289	$239,400
#19	Hawkins County	0.54%	$956	$176,300
#20	Houston County	0.54%	$929	$172,700

How Tennessee Compares

Tennessee

0.50%

National Average

0.92%

Neighboring States

Calculate Your Property Tax in Tennessee

Or open the full Tennessee Property Tax Calculator to estimate your bill by county.

Property Tax Calculator

Estimate your annual property tax based on your location and home value

State

County

Home Value

$50k$2M

Apply homestead exemption ($100,000 reduction)

Estimated Annual Property Tax

$1,500

$125/month · Rate: 0.50%

Home Value

$300,000

Taxable Value

$300,000

Effective Rate

0.50%

Tennessee Property Tax Exemptions

✓

Tax Relief (Over 65/Disabled)

Reimbursement of taxes paid on first $30,000 of market value

Homeowners age 65+ or disabled with income under $31,600

✓

Disabled Veteran

Reimbursement of taxes paid on first $175,000 of market value

Veterans with 100% permanent and total service-connected disability

Not sure which exemption applies to you? See our full homestead exemption guide for all 50 states, including amounts and application deadlines.

When Are Property Taxes Due in Tennessee?

County property tax bills become due and payable on the first Monday in October and can be paid without penalty through the last day of February. Unpaid taxes become delinquent on March 1 of the following year.

Annual payment

First Monday in October

Delinquent March 1

If you pay late: Beginning March 1, delinquent taxes accrue interest and penalty of 1.5% per month (18% per year).

See how Tennessee compares in our full guide to property tax due dates for all 50 states.

Nearby States

Alabama

0.38%

Arkansas

0.55%

Georgia

0.77%

Kentucky

0.75%

Missouri

0.85%

Mississippi

0.72%

North Carolina

0.66%

Virginia

0.73%

Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates (the latest available). Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.