Property Taxes in Memphis and Shelby County

Property tax is a sore subject for many homeowners but it can also be a confusing one. If you just want to know the property tax rates in the Memphis area or you want to learn how to calculate your own property tax, the information below will help.

What is being taxed?
In Tennessee, property taxes are only applied to 25% of the appraised value of your home and property. This 25% is called the assessed value. As an example, a home that is appraised at $100,000 will only be taxed on $25,000. You can calculate the assessed value yourself or you can enter your address at the Shelby County Property Assessor's website to find out your assessed value.

How is it calculated?
The tax rate of the county and the city in which you live is imposed on every $100 of the assessed value of your home. Using the example above, $100 goes into $25,000 250 times. So you would simply multiply your tax rate by 250.

What is my tax rate?
Remember that there is a separate tax rate for the county and for each city within the county. These tax rates are as follows:

• Shelby County (residents who do not live in Memphis): $4.09
• Shelby County (residents who do live in Memphis): $4.04
• Arlington: $1.00
• Bartlett: $1.38
• Collierville: $1.45
• Germantown: $1.70
• Memphis: $3.23
• Millington: $1.23

So again, using the above example, if that $100,000 home is in Bartlett, the taxes would be calculated like this:
$100,000 / 25% = $25,000
$25,000 / $100 = 250
250 x $4.09 (county tax) = $1,022.50
250 x $1.38 (city tax) = $345

Formulas
Memphis resident: Assessed value / $100 x $4.04 PLUS Assessed value / $100 x $3.23
Unincorporated Shelby County resident: Assessed value / $100 x $4.09
Arlington resident: Assessed value / $100 x $4.09 PLUS Assessed value / $100 x $1.00
Bartlett resident: Assessed value / $100 x $4.09 PLUS Assessed value / $100 x $1.38
Collierville resident: Assessed value / $100 x $4.09 PLUS Assessed value / $100 x $1.45
Germantown resident: Assessed value / $100 x $4.09 PLUS Assessed value / $100 x $1.70
Millington resident: Assessed value / $100 x $4.09 PLUS Assessed value / $100 x $1.23

Examples
Memphis Resident
Appraised Value: $150,000
Assessed Value: $37,500
County Tax: $1,515
City Tax: $1,211.25

Germantown Resident
Appraised Value: $310,000
Assessed Value: $77,500
County Tax: $3,169.75
City Tax: $1,317.50

Unincorporated Shelby County Resident
Appraised Value: $200,000
Assessed Value: $50,000
County Tax: $2,045