{"id":3575,"date":"2019-05-06T08:00:50","date_gmt":"2019-05-06T13:00:50","guid":{"rendered":"https:\/\/wearememphis.com\/?p=3575"},"modified":"2025-03-26T11:41:53","modified_gmt":"2025-03-26T16:41:53","slug":"buying-a-new-home-heres-how-to-calculate-your-property-tax","status":"publish","type":"post","link":"https:\/\/wearememphis.com\/play\/culture\/buying-a-new-home-heres-how-to-calculate-your-property-tax\/","title":{"rendered":"How to calculate your Memphis property tax!"},"content":{"rendered":"\n

When talking to first-time home buyers, one of the constants I’ve come across has been the overall shock many feel at the amount of property tax they end up paying. There are always underlying expenses with most purchases, and home buying is no different. If you have already purchased a home in Memphis and are now looking to move, you likely understand how Memphis TN property tax rate works. However, if you’re still a bit confused or if you’re looking around for your first home, here is how to calculate your property tax in\u00a0Memphis<\/a>.<\/p>\n\n\n\n

Varying Taxes<\/h2>\n\n\n\n

When moving to Memphis, it is important to note that there are both county and city taxes. I’ve found that when determining taxes, many first-time home buyers will come up with one, but not the other, which is why they are surprised come tax time when they need to pay both city and county taxes.<\/p>\n\n\n\n

Currently, for 2018, the Shelby County property tax for a home’s appraised value is 4.05 percent. Additionally, the city tax rate for Memphis is another 3.19 percent.<\/p>\n\n\n\n

Should you move to the county but live outside of Memphis, there are reduced tax rates in neighboring cities. The tax rates for these cities are as follows:<\/p>\n\n\n\n