Property Tax in Tennessee
Homeowners in Tennessee paid a median of $1,488 in real estate taxes in 2024 on a median home value of $332,600 — an effective rate of 0.45%, below the U.S. rate of 0.89%.
Calculate Tennessee property tax for your home
Estimated property tax on homes in Tennessee
Applying the statewide effective rate of 0.447% to different home values. The last column compares with the same home at the U.S. effective rate.
| Home value | Annual tax | Monthly | vs U.S. rate |
|---|---|---|---|
| $150,000 | $670 | $55.88 | −$664 |
| $250,000 | $1,118 | $93.13 | −$1,108 |
| $333,000 (state median) | $1,489 | $124.04 | −$1,475 |
| $350,000 | $1,564 | $130.38 | −$1,550 |
| $500,000 | $2,235 | $186.25 | −$2,215 |
| $750,000 | $3,352 | $279.38 | −$3,322 |
What it adds to a mortgage payment
On a home at the Tennessee median value of about $333,000, with 10% down and a 30-year loan at an example rate of 6.5%, principal and interest come to $1,894.31 a month and property tax adds $124.04 — about 6% of the combined payment, before insurance. Open this scenario in the mortgage calculator to add insurance, PMI and HOA dues.
How Tennessee compares
Tennessee has the 46th-highest effective rate among the 50 states and DC. Its median bill is higher than in 6 other states and lower than in 44. States with the most similar effective rates: South Carolina (0.45%), Arizona (0.43%), Idaho (0.43%), Nevada (0.47%).
Why your bill may differ
This is a statewide figure. Rates in Tennessee vary by county, city and school district, and your bill depends on your home’s assessed value and any exemptions you qualify for, such as a homestead exemption. Your county assessor or tax collector can give you the exact rate and assessment for a property. When buying, ask how the home will be reassessed after the sale rather than relying on the seller’s current bill.
About this data
Effective rate = median real estate taxes paid ÷ median value of owner-occupied housing units, from the U.S. Census Bureau’s American Community Survey 2024 1-year estimates (tables B25103 and B25077). These are survey estimates with margins of error, and median taxes are top-coded at $10,000. Read more in property taxes explained.