Memphis Property Tax Calculator

The Home Value field is pre-filled with Memphis's median home value of $165,000. Override with your actual home's market value for a specific estimate — your tax bill scales linearly with home value.

The state is pre-selected to Tennessee, and the rate field is pre-filled with the state-wide average effective rate of 0.71%. Within Tennessee, rates vary by county and city — if you know your specific Memphis local rate from your county assessor or recent tax bill, override the rate field for a more precise estimate.

You'll see your estimated annual property tax, the monthly amount (which is typically escrowed with your mortgage payment), and a comparison to other states.

What property tax actually pays for. In Memphis — like the rest of Tennessee — property tax funds local schools, public safety (police, fire), road maintenance, parks, libraries, and the county government. Most of your bill stays in your county and school district.

How Memphis's tax bill works out. On the median home value of $165,000, at Tennessee's average effective rate of 0.71%, expect approximately $1,172/year or $98/month when escrowed with your mortgage. Your specific bill depends on your home's exact assessed value and the millage rates from your county, city, and school district.

Rates aren't uniform within Tennessee. The statewide average is a starting point. Within Memphis itself, different neighborhoods can fall into different school districts or special taxing zones, which can shift the effective rate up or down by 0.2-0.5%. For an exact figure, look up your home's parcel on the county assessor's website — they publish the precise rates and millages applied to your address.

Comparing to other states. Property tax rates vary enormously across the US — from about 0.3% in Hawaii to nearly 2.5% in New Jersey. Tennessee's 0.71% effective rate puts it in the lower third nationally.