The exact property tax levied depends on the county in Tennessee the property is located in. Tennessee is ranked 38th of the 50 states for property taxes as a percentage of median income. Tennessee's median income is $52,201 per year, so the median yearly property tax paid by Tennessee residents amounts to approximately % of their yearly income. Tennessee has one of the lowest median property tax rates in the United States, with only nine states collecting a lower median property tax than Tennessee. Counties in Tennessee collect an average of 0.68% of a property's assesed fair market value as property tax per year. The median property tax in Tennessee is $933.00 per year for a home worth the median value of $137,300.00.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |