Property Tax

How much is the property tax in Tennessee?

Tennessee has some of the lowest property taxes in the U.S. The median annual property tax paid by homeowners in Tennessee is $1,220, about half the national average. The average effective property tax rate in Tennessee is 0.64%.

Tennessee Property Tax Calculator - SmartAsset

How property taxes are calculated?

Annual property tax is calculated by multiplying the Annual Value (AV) of the property with the Property Tax Rates that apply to you. For example, if the AV of your property is $30,000 and your tax rate is 10%, you would pay $30,000 x 10% = $3,000 in property taxes.

Property Tax Rates and Sample Calculations - IRAS

What is the property tax rate in Nashville?

The 2021 tax rate for Urban Services District is $3.288, and the rate for General Services District is $2.953. Residential property tax is based on the assessed value, which is 25% of the appraised value, and commercial property tax is also based on the assessed value, which is 40% of the total appraised value.

Real Property Tax | Nashville.gov