Henry County, Tennessee Property Taxes

Name: Property Tax Bills Across Henry County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Henry County effective property tax rate: 0.47%, significantly lower than the national median of 1.02%.
Median Henry County home value: $86,700
Median annual Henry County tax bill: $449, $1,951 lower than the national median property tax bill of $2,400.

How are property taxes in Henry County calculated?

Property taxes in Henry County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Paris or another part of Henry County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Henry County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.47%

Estimate Property Tax Bill

$407

$378

Ownwell’s Henry County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Henry County with just two data points. By entering your property's estimated assessed value, our calculator applies Henry County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Henry County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Henry County, Tennessee

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to each county's annual process of estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although the process involves votes and laws, this is the essence of how it works each year.

Henry County in Tennessee has an effective property tax rate that can be compared to other counties within the state or against the national median property tax rate. With a median property tax rate of 0.47%, Henry County's rate is considerably lower than the national median of 1.02%. This lower rate indicates a more favorable tax environment for property owners in Henry County compared to the national average. However, within the county, the city of Paris has the highest median tax rate at 0.60%, while Henry has the lowest at 0.47%. This illustrates the variation that can occur even within a single county, highlighting the importance of understanding local tax rates when evaluating property taxes.

Property Tax Rates Across Henry County, Tennessee

Source: Ownwell

0.47%

0.54%

0.60%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Henry County Tax Rate

0.47%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Henry County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Buchanan	0.47%	0.47%	0.47%	0.47%	0.47%
Cottage Grove	0.47%	0.47%	0.47%	0.47%	0.47%
Henry	0.47%	0.47%	0.47%	0.47%	0.47%
Mansfield	0.47%	0.47%	0.47%	0.47%	0.47%
Mc Kenzie	0.47%	0.47%	0.47%	0.47%	0.47%
Paris	0.47%	0.47%	0.60%	0.60%	0.60%
Puryear	0.47%	0.47%	0.47%	0.47%	0.47%
Springville	0.47%	0.47%	0.47%	0.47%	0.47%
Gleason	N/A	N/A	N/A	N/A	N/A
Hollow Rock	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Henry County, Tennessee

When examining property taxes in Henry County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Henry County Assessor of Property estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Henry County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Henry County.

For example, the median tax bill in Henry County is $508, with tax bills ranging significantly across the county. McKenzie has the highest median home price at $107,400.

Property Tax Assessment Values Across Henry County, Tennessee

Source: Ownwell

$69,950

$88,675

$107,400

Median Henry County Market Value

$86,700

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Henry County, Tennessee

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Buchanan	$30,200	$54,350	$105,800	$192,100	$313,000
Cottage Grove	$32,520	$52,500	$93,800	$165,500	$315,780
Henry	$23,810	$42,000	$69,950	$129,225	$208,950
Mansfield	$26,600	$49,900	$83,600	$155,900	$251,220
Mc Kenzie	$47,640	$74,550	$107,400	$151,850	$224,040
Paris	$32,100	$54,700	$90,100	$151,900	$243,960
Puryear	$30,430	$51,000	$84,600	$145,875	$231,880
Springville	$23,300	$39,925	$71,750	$127,925	$220,440
Gleason	N/A	N/A	N/A	N/A	N/A
Hollow Rock	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Henry County, Tennessee

In Henry County, TN, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $86,700, homeowners in Henry County can expect their tax bills to vary significantly, depending on the value of their property and the specific city they reside in. For instance, in McKenzie, the highest median tax bill reaches $508, while in Henry, the lowest is $331. This variation impacts homeowners by influencing their financial planning and budgeting, as property taxes represent a recurring expense. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Henry County's rates are relatively lower, offering a more affordable cost of living for its residents. However, it's essential for homeowners to stay informed about their property assessments and any changes in local tax rates to manage their expenses effectively.

Property Tax Bills Across Henry County, Tennessee

Source: Ownwell

$331

$420

$508

Median Henry County Tax Bill

$449

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Henry County, Tennessee

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Buchanan	$143	$257	$500	$909	$1,485
Cottage Grove	$154	$249	$444	$783	$1,495
Henry	$113	$199	$331	$612	$983
Mansfield	$126	$236	$396	$738	$1,189
Mc Kenzie	$225	$353	$508	$719	$1,060
Paris	$179	$301	$508	$826	$1,275
Puryear	$144	$241	$402	$690	$1,129
Springville	$110	$190	$340	$608	$1,051
Gleason	N/A	N/A	N/A	N/A	N/A
Hollow Rock	N/A	N/A	N/A	N/A	N/A

Source: Ownwell