Property taxes in Tennessee are calculated utilizing the following: 

Appraised Value  ´ Assessment Ratio = Assessment Value

Assessment Value ¸ 100 = (per hundred of assessed value) 

(per hundred of assessed value)  ´ Tax Rate =  Tax Amount

 

 

 

To estimate your property taxes, please insert your current appraisal and classification and click "Calculate."

Municipality:
Property Classification:
Appraised Value:
City Tax Rate:
County Tax Rate:
                  leave  fields below blank
Estimated Property Tax:
+    city taxes =    county taxes    total taxes
   
                          

Appraised Value

Appraised Value - Taxable property in a county that is determined by the county property assessor

Asssessment Ratio

Assessment Ratio - different classes of property is established by state law (residential and farm @ 25% of appraised value, commercial/industrial @ 40% of appraised value).

Assessment Value

Assessment Value - is calculated by multiplying the appraised value by the assessment ratio.

Tax Rate

Tax Rate - each county is set by the county commission based on the amount of monies budgeted to fund the provided services. These tax rates vary depending on the level of services provided and the total value of the county’s tax base.