--- title: "Tennessee Property Tax Calculator (0.45% Effective Rate) | TaxWren" description: "Tennessee homeowners pay a median $1,488 a year in property tax on a median home value of $332,600, an effective rate of 0.45%: the 6th lowest of the 50 states and DC and 50% below the US rate of 0.89%. Estimate the property tax on any Tennessee home." url: https://taxwren.com/property-tax-calculator/tennessee --- 2026 tax year ยท updated Oct 15, 2026 # Tennessee property tax calculator Tennessee homeowners pay a median $1,488 a year in property tax on a median home value of $332,600, an effective rate of 0.45%: the 6th lowest of the 50 states and DC and 50% below the US rate of 0.89%. ## Estimated property tax per year $1,488 $124 a month at 0.4474% - Median tax paid in Tennessee: $1,488 - Median home value there: $332,600 - Same home at the US rate (0.8905%): $2,962 Before exemptions such as a homestead exemption. Rates from the American Community Survey 2024 1-year estimates. ## Tennessee property tax by home value At the statewide effective rate of 0.45%, compared with the same home at the US rate. | Home value | Per year | Per month | At the US rate | | --- | --- | --- | --- | | $200,000 | $895 | $75 | $1,781 | | $300,000 | $1,342 | $112 | $2,672 | | $400,000 | $1,790 | $149 | $3,562 | | $500,000 | $2,237 | $186 | $4,453 | | $750,000 | $3,356 | $280 | $6,679 | | $1,000,000 | $4,474 | $373 | $8,905 | ## Tennessee vs. neighboring states | State | Effective rate | Median tax | Median home value | | --- | --- | --- | --- | | [Missouri](/property-tax-calculator/missouri) | 0.79% | $2,021 | $254,400 | | [Georgia](/property-tax-calculator/georgia) | 0.74% | $2,554 | $343,300 | | [Kentucky](/property-tax-calculator/kentucky) | 0.71% | $1,611 | $226,000 | | [Virginia](/property-tax-calculator/virginia) | 0.71% | $2,872 | $403,500 | | [Mississippi](/property-tax-calculator/mississippi) | 0.65% | $1,221 | $186,500 | | [North Carolina](/property-tax-calculator/north-carolina) | 0.61% | $2,044 | $333,000 | | [Arkansas](/property-tax-calculator/arkansas) | 0.52% | $1,113 | $215,600 | | Tennessee | 0.45% | $1,488 | $332,600 | | [Alabama](/property-tax-calculator/alabama) | 0.38% | $890 | $233,300 | ## What Tennessee homeowners pay - Median yearly property tax: $1,488 (45th highest of 51); $1,661 for homes with a mortgage and $1,297 for homes without one. - Median value of an owner-occupied home: $332,600, so a typical home pays about $124 a month. - 1,957,004 owner-occupied homes in the survey estimate. - Other taxes: Tennessee has no tax on wage income; sales tax averages 9.61% with local taxes ([Tennessee sales tax calculator](/sales-tax-calculator/tennessee)). These are statewide medians. Your county, city and school district set the rates on your bill, and exemptions (such as a homestead exemption for your main home, or for seniors and veterans) can lower it. Check with your county assessor and the [Tennessee revenue department](https://www.tn.gov/revenue) for the rules that apply to you. Source: [US Census Bureau, American Community Survey](https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/data/1YRData/acsdt1y2024-b25103.dat), American Community Survey 2024 1-year estimates (tables B25103 and B25077, owner-occupied homes). See our [methodology](/methodology). ## Tennessee property tax FAQ ### What is the property tax rate in Tennessee? The effective rate is 0.45% of home value: the median tax paid ($1,488) divided by the median home value ($332,600), from the American Community Survey 2024 1-year estimates. Actual rates are set by counties, cities and school districts and vary within the state. ### How much is property tax on a $300,000 house in Tennessee? About $1,342 a year ($112 a month) at the statewide effective rate, before any exemptions you qualify for. ### Does Tennessee have high property taxes? Tennessee has the 6th lowest effective property tax rate of the 50 states and DC (rank 46 of 51, 1 = highest) and the 45th highest median bill. ### Can I deduct Tennessee property tax? On your federal return, yes, if you itemize: property tax counts toward the state and local tax (SALT) deduction, capped at $40,400 for 2026 together with your state income or sales tax. More for Tennessee - [Tennessee paycheck calculator](/take-home-pay-calculator/tennessee) - [Tennessee income tax calculator](/income-tax-calculator/tennessee) - [Tennessee sales tax calculator](/sales-tax-calculator/tennessee) - [Property tax in every state](/property-tax-calculator)