Property Tax Rates & Rules
Tennessee has an average effective property tax rate of 0.49%, making it one of the lowest property tax states in the nation. On a median-valued home of $310,000, the typical annual property tax bill is $1,519. Homeowners may qualify for a homestead exemption, which can reduce the taxable value of a primary residence. Minimal state-level homestead protection; primary relief is through Tax Relief Program. Senior citizens may qualify for additional exemptions or tax relief programs. If you believe your property is over-assessed, you have the right to appeal.
Assessment Method
Residential property is assessed at 25% of appraised value.
Homestead Exemption Details
Minimal state-level homestead protection; primary relief is through Tax Relief Program.
Senior Exemption Details
Property Tax Relief for low-income seniors (65+) and Property Tax Freeze program.
How to Appeal Your Assessment
Appeal to County Board of Equalization during regular June session.
What is the property tax rate in Tennessee?
Tennessee has an average effective property tax rate of 0.49%. On a home valued at $310,000, the typical annual property tax bill is approximately $1,519. Rates vary by county — Shelby has the highest rates while Sevier has the lowest.
Does Tennessee have a homestead exemption?
Yes. Tennessee offers a homestead exemption for primary residences. Minimal state-level homestead protection; primary relief is through Tax Relief Program.
How is property assessed in Tennessee?
Tennessee assesses property at 25%. Residential property is assessed at 25% of appraised value. The assessed value is then multiplied by the local mill rate to determine your property tax bill.
How do I appeal my property tax assessment in Tennessee?
Appeal to County Board of Equalization during regular June session.
Are there senior property tax exemptions in Tennessee?
Yes. Tennessee offers property tax relief for senior citizens. Property Tax Relief for low-income seniors (65+) and Property Tax Freeze program.
When are property taxes due in Tennessee?
Tennessee property taxes are paid on a Due October through February; late after February 28.. Contact your county tax collector for exact due dates and payment options for your area.
How does Tennessee property tax compare to neighboring states?
Tennessee's average effective rate of 0.49% is well below the national average of approximately 1.1%. Use the comparison table above to see how neighboring states compare.
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Official Source
Tennessee Tax Authority
Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.