Memphis, TN variant. This is a Memphis, TN-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Memphis property tax runs about 0.75% of value - roughly $1,238/year on the $165,000 median home.
Property tax in Memphis
Tax = assessed value × local rate. The 0.75% effective rate captures Memphis's blend of county, city, and school levies.
On the $165,000 median home that's $1,238/year ($103/month), usually escrowed with your mortgage.
About Memphis, TN
Memphis residents pay no state or city income tax, since Tennessee does not impose a personal income tax on wages.
Memphis is one of the more affordable large-city housing markets in the country, with low home prices and rents.
Memphis's economy is anchored by logistics and distribution, serving as a major national shipping and freight hub.
Worked example: $165,000 home
$165,000 × 0.75% = $1,238/year. A $600,000 Memphis home would owe about $4,500.
Quick reference
- Median home value: $165,000
- Median rent: $1,300/mo
- Median household income: $49,978
- Local sales tax: 9.75%
- Effective property tax rate: 0.75%
- Cost of living index: 84 (US avg = 100)
Frequently Asked Questions
What is the property tax rate in Memphis?
About 0.75% of market value per year.
How much property tax on a median Memphis home?
Roughly $1,238 per year.