Tennessee

Property Tax Rates & Rules

0.49%

Effective Rate

$1,519

Median Annual Tax

$310k

Median Home Value

Available

Homestead Exempt

Full Tax Details

Avg Effective Rate0.49%

Median Home Value$310,000

Median Annual Tax$1,519

Assessment Ratio25%

Homestead ExemptionYes

Senior ExemptionYes

Highest Rate CountyShelby

Lowest Rate CountySevier

Payment ScheduleDue October through February; late after February 28.

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.

Official Source

Tennessee Tax Authority

Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.