The rate in context
On a $400,000 home, 0.52% means roughly $2,080 per year in property tax, escrowed monthly, so it lands directly in your payment and your debt-to-income ratio.
Exemptions and notes
No wage income tax; fast-growing counties reassess frequently, but the effective rate stays low; there is no statewide cap.
Sources: Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. County-level rates vary; your county page has local detail.
Counties in Tennessee
FAQ
What is the average property tax rate in Tennessee?
The average effective property tax rate in Tennessee is about 0.52%, per Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. Individual counties vary above and below that average.
How do Tennessee property taxes affect my mortgage?
Taxes are escrowed into your monthly payment, so a higher rate directly reduces how much house you qualify for. No wage income tax; fast-growing counties reassess frequently, but the effective rate stays low; there is no statewide cap.