What is the property tax rate in Memphis?

Memphis homeowners pay a combined Memphis city and Shelby County rate of roughly $6.09 per $100 of assessed value. Because Tennessee assesses residential property at 25% of appraised value, the effective rate on market value is about 1.54%.

How does Tennessee's assessment ratio work?

Tennessee taxes only a fraction of a property's appraised value. Residential and farm property is assessed at 25%, so a $200,000 home has a $50,000 assessed value. The tax rate is then applied to that assessed value, not the full market price.

Why are there two tax rates in Memphis?

Properties inside the City of Memphis pay both a city rate and a Shelby County rate, since both governments levy property tax. The default in this tool combines them. Properties in unincorporated Shelby County pay only the county rate.

Are there exemptions that lower my bill?

Tennessee offers tax relief and tax freeze programs for qualifying elderly, disabled, and veteran homeowners, which can reduce or cap your bill. This estimator computes the standard amount; check with the Shelby County Trustee for programs you may qualify for.

Is this estimate exact?

No. It is a planning estimate. Your actual bill depends on the current certified tax rate, your exact appraised value after any reappraisal, and any relief programs. Verify with the Shelby County Assessor and Trustee for the precise figure.

Memphis Property Tax Estimator

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This estimator projects your annual Memphis property tax. Tennessee assesses residential property at 25% of appraised value, and Memphis homeowners pay a combined city and Shelby County rate applied per $100 of that assessed value — producing an effective rate near 1.54% of market value.

How it works

The tool reduces your appraised value to its taxable assessment, then applies the combined per-$100 rate:

assessed value = appraised value x 0.25
annual tax     = assessed value x (combined rate / 100)
effective rate = annual tax / appraised value

The combined rate defaults to about $6.09 per $100 (Memphis city plus Shelby County); adjust it to the current certified rate for your situation.

Example and notes

A $200,000 Memphis home has a $50,000 assessed value at the 25% ratio. At a combined $6.09 per $100 rate, the annual tax is $50,000 x 0.0609 = about $3,045, an effective rate of roughly 1.52% on market value. Properties in unincorporated Shelby County pay only the county portion, and tax relief or freeze programs can lower the bill for qualifying seniors, disabled residents, and veterans.