Eads, Shelby County, Tennessee Property Taxes
Median Eads, TN effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but higher than the Tennessee state median of 0.64%.
Median Eads, TN home value: $488,750
Median annual Eads, TN tax bill: $4,041, $1,641 higher than the national median property tax bill of $2,400.
How are property taxes in Shelby calculated?
Property taxes in Eads, TN 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 Eads’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eads, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Eads, Shelby County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$4,154
$3,855
Property Tax Rates Across Eads, Shelby County, Tennessee
Local government entities determine property tax rates, leading to significant variations within a state. Each year, counties estimate their budgetary needs to fund services and divide this by the total value of all taxable properties in their area, resulting in the property tax rate. Although votes and legal frameworks influence the setting of tax rates and budgets, this is the core process.
In Eads, located in Shelby County, Tennessee, the effective property tax rate is 0.85%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities within Tennessee, Eads maintains a consistent tax rate, which is beneficial for property owners. Moreover, the median property tax rate in Tennessee is also 0.85%, aligning with Eads' rate. This consistency offers a degree of predictability for residents and potential property buyers.
For those looking to appeal their property taxes, understanding these rates and how they compare nationally can be crucial. Lower tax rates can significantly impact property affordability and investment returns, making Eads an attractive location for property ownership.
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 Eads Tax Rate
0.85%
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 Shelby County Tax Rate
1.52%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Eads, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38028 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Eads, Shelby County, Tennessee
When examining property taxes in Eads, TN, 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 Shelby County Assessor's Office 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 Shelby County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Eads. For example, the median home price in Eads is $488,750, with tax bills ranging significantly across the county. Zip code 38028 has the highest median home price at $488,750.
Property Tax Assessment Values Across Eads, Shelby County, Tennessee
Source: Ownwell
$34,300
$261,525
$488,750
Median Eads Market Value
$488,750
Median Shelby County Market Value
$147,100
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Eads, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38028 | $203,050 | $338,275 | $488,750 | $754,200 | $1,386,600 |
Source: Ownwell
Property Tax Bills Across Eads, Shelby County, Tennessee
In Eads, located in Shelby County, TN, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $488,750, homeowners in Eads face property tax bills that can vary significantly. The 25th percentile tax bill is $2,827, while those in the 75th percentile pay around $6,092. At the 90th percentile, tax bills can reach up to $10,918. The median property tax bill in the area stands at $4,041, which is above the national median of $2,400. This higher tax burden can impact homeowners by increasing their annual expenses, potentially affecting their financial planning and home affordability.
Ownwell provides valuable assistance to homeowners in Eads by offering property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners reduce their tax liabilities, ensuring they only pay their fair share. This can lead to significant savings, easing the financial burden and allowing homeowners to allocate resources elsewhere.
Median Eads Tax Bill
$4,041
Median Shelby County Tax Bill
$1,907
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Eads, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38028 | $1,770 | $2,827 | $4,041 | $6,092 | $10,918 |
Source: Ownwell