You and Memphis: A Match Made in...Tax Heaven (Kind Of)?
Ah, Memphis. Home of the blues, birthplace of rock 'n' roll, and the city that'll make you wonder: just how much is this whole property tax thing gonna cost me?
Fear not, intrepid house hunter! While Memphis might not exactly be a tax haven, it's definitely not gonna break the bank, either. But buckle up, because unraveling Memphis property tax is a bit like a rollercoaster ride at Graceland (minus the rhinestones, hopefully).
How Much Is Property Tax In Memphis Tn |
The "Let's Get Technical" Breakdown
Here's the nitty-gritty: Memphis property tax is a two-part harmony of a county tax rate and a city tax rate. The county rate for Shelby County (where Memphis resides) sits at a cool 3.39 per $100 of your property's assessed value. That means if your sweet new pad is appraised at $200,000, you're looking at a base county tax of roughly $6,780 (don't worry, we're not doing the math for you, that's what calculators are for).
QuickTip: Pause after each section to reflect.
But wait, there's more! Memphis itself tacks on an additional city tax rate. This depends on where you land in the city limits, but generally, it hovers around 1.28 per $100 of assessed value. So, for our $200,000 example, that adds another $2,560 or so to the property tax bill.
The Grand Finale (or ????? - that's "beginning" in Arabic, for our global friends)
Add those two amounts together, and you're looking at a total property tax bill in the ballpark of $9,340 for our hypothetical $200,000 property. Of course, the actual amount will vary depending on the appraised value of your house and the specific city tax rate in your area.
Fun Fact: Property Taxes and the Price of BBQ
Tip: Reread sections you didn’t fully grasp.
Hey, we all gotta prioritize, right? Let's say you spend that $9,340 on Memphis's legendary BBQ instead. That's a whole lotta ribs, folks! We're talking enough to feed a blues band and then some. Just sayin'.
## Frequently Asked Questions (Because We Know You Have Them)
How to Find Out My Exact Property Tax Rate?
The Shelby County Assessor's website has a handy dandy calculator that'll tell you all you need to know: [Shelby County Property Tax Calculator]. Just pop in your address and property type, and voila!
QuickTip: Pause before scrolling further.
How to Contest My Property Appraisal Value?
If you think your house is unfairly appraised, you can file an appeal with the Shelby County Assessor's office. They have a whole process outlined on their website (
How to Pay My Property Taxes?
QuickTip: Re-reading helps retention.
The Shelby County Trustee's website (
How to Avoid Memphis Property Taxes Altogether?
Well, you could always live in a cardboard box. But let's be real, Memphis is way too fun for that. Besides, think of all the BBQ you'd miss out on!
How to Make Peace with Memphis Property Taxes?
Easy! Just focus on the amazing things Memphis has to offer: the music, the food, the history...and hey, at least it's not California, right?