ROI Math

Property tax estimate

Tennessee Property Tax Calculator

Estimate annual and monthly property taxes in Tennesseeusing the state's average effective property tax rate of 0.66%. Enter a home value below to see an instant estimate — free and with no sign-up.

Last updated 2026-05-31

Tennessee Property Tax Calculator
Average property tax rate: 0.66%.
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Tennessee has no state income tax on wages and assesses residential property at 25% of its appraised value.
Annual estimate
$3,300
Monthly estimate
$275

How to calculate property taxes in Tennessee

To estimate property taxes in Tennessee, multiply the home value by the local property tax rate. This page applies the state average effective rate of 0.66%, so a property valued at $500,000 would have an estimated annual property tax of $3,300.

Tennessee has no state income tax on wages and assesses residential property at 25% of its appraised value.

Actual tax bills can include county, city, school district, exemption, and assessment rules, so investors should verify the final number with the local assessor before closing.

Comparing returns across markets? Use the cap rate calculator and cash-on-cash return calculator, which let you include property taxes as an operating expense.

Tennessee property tax FAQ

What is the average property tax rate in Tennessee?

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The average effective property tax rate in Tennessee is about 0.66%, which is below the U.S. average of roughly 1.07%. Effective rate means annual tax divided by market value; your local rate may differ by county and city.

How much is property tax on a $400,000 home in Tennessee?

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Using Tennessee's average effective rate of 0.66%, a $400,000 home owes about $2,640 per year in property tax, or roughly $220 per month. Actual bills vary with local rates and exemptions.

How do I calculate property tax in Tennessee?

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Multiply your home's value by the local property tax rate. This calculator applies Tennessee's average effective rate of 0.66%, but you should confirm the exact county, city, and school district rates and any available exemptions with your local assessor.

Property tax calculators for other states

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This estimate uses Tennessee's average effective property tax rate and is for educational purposes only — not tax advice. Confirm your exact rate and exemptions with your county assessor.