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Tennessee Property Tax Calculator

Applies Tennessee’s effective rate of 0.52% and its $5,000 homestead exemption.

Tennessee property tax estimator

Applies Tennessee’s effective rate of 0.52% and its $5,000 homestead exemption.

Estimated annual tax —
Monthly escrow —
Saved by exemption —

Figures computed from Tax Foundation (2024-2026 rate tables) and U.S. Census Bureau (2024 5-year). Page last reviewed 2026-08-27. Estimates only — verify with the relevant agency before acting.

Tennessee at a glance

FigureTennesseeSource
Effective property tax rate0.52%[2]
Median home value$339,000[2]
Tax on the median home$1,763[2]
Homestead exemption$5,000[1]

[2] [1] Sources

Effective property tax rate — all 50 states

Tennessee highlighted. Same data as the table below, shown as a distribution so the comparison is visible at a glance.

Effective property tax rate — all 50 states. Tennessee is 0.52%, ranked 41 of 50. The national median is 0.79%, the highest is 1.88% (Illinois), and the lowest is 0.29% (Hawaii). IL 1.88% NJ 1.88% CT 1.54% VT 1.51% NH 1.50% NE 1.44% TX 1.40% OH 1.36% IA 1.33% WI 1.32% NY 1.30% PA 1.26% KS 1.21% MI 1.19% RI 1.12% MA 1.00% MN 1.00% SD 1.00% ME 0.98% AK 0.94% MD 0.92% ND 0.92% MO 0.89% OR 0.81% GA 0.79% OK 0.79% FL 0.78% VA 0.78% IN 0.76% WA 0.75% KY 0.74% CA 0.70% NC 0.66% NM 0.63% MT 0.61% MS 0.58% AR 0.56% LA 0.55% DE 0.54% WY 0.53% TN 0.52% WV 0.51% CO 0.50% ID 0.50% NV 0.50% SC 0.49% AZ 0.48% UT 0.48% AL 0.37% HI 0.29%

Highlighted: Tennessee, ranked 41 of 50. Median 0.79%.

Tennessee property tax by home value

Annual tax at Tennessee's 0.52% effective rate, with and without homestead.

Home valueAnnualMonthlyNo exemption
$75,000$364$30$390
$100,000$494$41$520
$125,000$624$52$650
$150,000$754$63$780
$175,000$884$74$910
$200,000$1,014$85$1,040
$225,000$1,144$95$1,170
$250,000$1,274$106$1,300
$300,000$1,534$128$1,560
$350,000$1,794$150$1,820
$400,000$2,054$171$2,080
$450,000$2,314$193$2,340
$500,000$2,574$215$2,600
$600,000$3,094$258$3,120
$700,000$3,614$301$3,640
$850,000$4,394$366$4,420
$1,000,000$5,174$431$5,200
$1,250,000$6,474$540$6,500

Worked figures for Tennessee

Tennessee values:

ValueAnnualMonthlyEffective
$100,000$494$410.49%
$150,000$754$630.50%
$200,000$1,014$850.51%
$250,000$1,274$1060.51%
$300,000$1,534$1280.51%
$400,000$2,054$1710.51%
$500,000$2,574$2150.51%
$600,000$3,094$2580.52%
$750,000$3,874$3230.52%
$900,000$4,654$3880.52%
$1,000,000$5,174$4310.52%
$1,500,000$7,774$6480.52%

How Tennessee compares nationally

On effective property tax rate, Tennessee ranks #41 of 50 at 0.52% — 34% below the median of 0.79%. The national range runs from 0.29% (Hawaii) to 1.88% (Illinois).

RankStateEffective property tax rate
#39Delaware0.54%
#40Wyoming0.53%
#41Tennessee0.52%
#42West Virginia0.51%
#43Colorado0.50%

Low effective rate (under 0.6%)s, ranked

Same rule structure as Tennessee:

StateEffective property tax ratevs Tennessee
Mississippi0.58%+11.5%
Arkansas0.56%+7.7%
Louisiana0.55%+5.8%
Delaware0.54%+3.8%
Wyoming0.53%+1.9%
Tennessee0.52%—
West Virginia0.51%-1.9%
Colorado0.50%-3.8%
South Carolina0.49%-5.8%
Arizona0.48%-7.7%
Alabama0.37%-28.8%

Tennessee questions, answered with Tennessee numbers

What is property tax on a median Tennessee home?▾
Tennessee's median home is $339,000 and its effective rate is 0.52%, giving roughly $1,737 a year — about $145 a month in escrow.
What about a $500,000 home?▾
Approximately $2,574 annually, after Tennessee's $5,000 homestead exemption saves you about $26.
Does Tennessee have a homestead exemption?▾
Yes — $5,000 off assessed value for a primary residence, worth about $26 a year at Tennessee's rate.

Other low effective rate (under 0.6%)s

Alabama Arizona Arkansas Colorado Delaware Louisiana Mississippi South Carolina

Last reviewed 2026-08-27. Tennessee figures only — verify with the relevant Tennessee agency before acting. How this is calculated.