2026 effective rate · 0.56% · well below the US average (0.99%)
Tennessee Property Tax Calculator
Estimate annual and monthly property tax in Tennessee. The state's effective property tax rate is 0.56% (one of the lowest in the US, vs the US average of about 0.99%). On a $269,600 median-value home, that works out to about $1,520 per year or $126 per month.
Tennessee median home property tax
$1,510 per year
$126 per month at the median home value of $269,600
Effective rate 0.56% times $269,600 = $1,510
Tennessee property tax at common home values
| Home value | Annual property tax | Monthly | % of value |
|---|---|---|---|
| $150,000 | $840 | $70 | 0.56% |
| $250,000 | $1,400 | $117 | 0.56% |
| $269,600 (median) | $1,510 | $126 | 0.56% |
| $350,000 | $1,960 | $163 | 0.56% |
| $500,000 | $2,800 | $233 | 0.56% |
| $750,000 | $4,200 | $350 | 0.56% |
Uses Tennessee's 2026 effective rate (0.56%). Actual taxes vary by county and exemptions. For full PITI mortgage estimate including taxes + insurance, use the Tennessee mortgage calculator.
Tennessee property tax overview
Tennessee has very low property tax rates (0.56%). No state income tax (Hall tax eliminated in 2021). Senior tax freeze available in many counties for residents 65+ meeting income limits.
Tennessee's effective rate of 0.56% ranks one of the lowest in the US nationally. Median annual property tax: $1,520. Median home value: $269,600.
Tennessee vs neighboring states
| State | Effective rate | Median home | Median annual tax |
|---|---|---|---|
| Tennessee (this page) | 0.56% | $269,600 | $1,520 |
| Kentucky | 0.80% | $177,400 | $1,382 |
| Virginia | 0.80% | $348,300 | $2,780 |
| North Carolina | 0.73% | $280,000 | $2,050 |
FAQs about Tennessee property tax
What is the property tax rate in Tennessee?
Tennessee's effective property tax rate is 0.56% (one of the lowest in the US, vs national average of ~0.99%). On a $269,600 median-value home, that's about $1,520 per year, or roughly $126 per month added to your housing cost.
How is property tax calculated in Tennessee?
Property tax = assessed value times the local mill rate (millage). The effective rate (0.56%) is what you actually pay as a percentage of market value, accounting for assessment ratios, exemptions, and millage. For a home valued at X, multiply X by 0.56% for an annual estimate.
When are property taxes due in Tennessee?
Property tax due dates vary by county within Tennessee. Most counties bill annually with either a single payment or two installments. Common payment deadlines fall in late summer (1st half) and late winter (2nd half). Check with your county tax assessor for exact dates and any escrow arrangements through your mortgage lender.
Does Tennessee have a homestead exemption?
Tennessee offers various property tax relief programs. Tennessee has very low property tax rates (0.56%). No state income tax (Hall tax eliminated in 2021). Senior tax freeze available in many counties for residents 65+ meeting income limits. Check with your county assessor for primary-residence exemptions and senior or disabled programs that may reduce your annual property tax bill.
How does Tennessee property tax compare to neighboring states?
Tennessee's 0.56% rate compares to: Kentucky (0.80%), Virginia (0.80%), North Carolina (0.73%). Property tax burden can vary significantly between neighboring states — moving 30 miles across a state line can change your annual tax bill by thousands.
Can I appeal my property tax assessment in Tennessee?
Yes. Every US state including Tennessee provides a formal property tax appeal process. Steps: (1) request your property's assessment record from the county assessor, (2) gather comparable sales from your neighborhood, (3) file a formal appeal within the deadline (usually 30-60 days after assessment notice). Successful appeals typically save 5-15% on annual tax bills.
How can I lower my Tennessee property taxes?
Common strategies: apply for homestead exemption (primary residence), senior or disabled exemptions if eligible, veteran's exemptions, and appeal over-assessment. Track your county's assessment notices carefully and verify the appraisal matches recent comparable home sales. Avoid major visible upgrades right before reassessment dates.