What is the property tax rate in Tennessee?

Tennessee has an effective property tax rate of 0.55%, ranking it #41 out of 50 states. The median homeowner pays $1,400 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 (0.55%) 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

2023 Data · 95 Counties

0.55%effective rate

Tennessee has an effective property tax rate of 0.55%, ranking it #41 among all 50 states. The median homeowner in Tennessee pays $1,400 per year in property taxes on a home valued at $256,800. This rate is 42% lower than the national average of 0.95%.

Effective Tax Rate📊

0.55%

#41 of 50 states

Median Tax Paid🏠

$1,400

Per year

Median Home Value💰

$256,800

2023 estimate

Total Counties📍

Population: 6,986,082

Property Tax Rates by County in Tennessee

Rank ▲	County	Effective Rate	Median Tax	Median Value
#1	Shelby County	1.03%	$2,376	$229,700
#2	Haywood County	0.71%	$854	$119,600
#3	Lake County	0.71%	$758	$107,000
#4	Gibson County	0.68%	$1,016	$149,700
#5	Hamilton County	0.67%	$1,888	$282,100
#6	Montgomery County	0.67%	$1,671	$248,300
#7	Carroll County	0.66%	$809	$122,100
#8	Lauderdale County	0.66%	$808	$122,100
#9	Crockett County	0.65%	$865	$134,100
#10	Hardeman County	0.65%	$762	$116,800
#11	Cocke County	0.64%	$911	$141,800
#12	Sullivan County	0.63%	$1,205	$190,800
#13	Anderson County	0.62%	$1,333	$215,800
#14	Davidson County	0.62%	$2,390	$386,600
#15	Clay County	0.61%	$841	$136,900
#16	Coffee County	0.61%	$1,378	$227,300
#17	Dyer County	0.61%	$966	$159,500
#18	Madison County	0.61%	$1,161	$189,700
#19	Benton County	0.58%	$717	$123,400
#20	Morgan County	0.58%	$837	$144,000

How Tennessee Compares

Tennessee

0.55%

National Average

0.95%

Neighboring States

Calculate Your Property Tax in Tennessee

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

$1,650

$138/month · Rate: 0.55%

Home Value

$300,000

Taxable Value

$300,000

Effective Rate

0.55%

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

Nearby States

Alabama

0.38%

Arkansas

0.57%

Georgia

0.81%

Kentucky

0.77%

Missouri

0.88%

Mississippi

0.74%

North Carolina

0.70%

Virginia

0.74%

Frequently Asked Questions

Data Source: U.S. Census Bureau, 2023 American Community Survey 5-Year Estimates. Effective tax rates are calculated by dividing median real estate taxes paid by median home value.