Germantown, Shelby County, Tennessee Property Taxes

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

Median Germantown, TN effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Germantown, TN home value: $368,300
Median annual Germantown, TN tax bill: $4,833, $2,433 higher than the national median property tax bill of $2,400.

How are property taxes in Shelby calculated?

Property taxes in Germantown, 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 Germantown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Germantown, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Germantown, Shelby County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.31%

Estimate Property Tax Bill

$4,825

$4,477

Ownwell’s Germantown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Germantown with just two data points. By entering your property's estimated assessed value, our calculator applies Germantown’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 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 Shelby County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Germantown, Shelby County, Tennessee

Local government entities set tax rates, which can vary widely within a state. This occurs because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Germantown, located in Shelby County, Tennessee, the effective property tax rate is 1.31%. This rate is notably higher than the national median property tax rate of 1.02%, emphasizing the variation in tax burdens across different regions. The property tax rate in Germantown is consistent across the city, as indicated by the highest and lowest median tax rates being the same. When comparing Germantown’s property tax rate to other cities within Tennessee and the national median, it becomes evident that property owners in Germantown may face a more substantial tax obligation. Understanding these differences can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Germantown, Shelby County, Tennessee

Source: Ownwell

0.85%

1.19%

1.52%

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 Germantown Tax Rate

1.31%

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 Germantown, Shelby County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38138	1.31%	1.31%	1.31%	1.31%	1.31%
38139	1.31%	1.31%	1.31%	1.31%	1.31%

Source: Ownwell

Property Tax Assessment Values Across Germantown, Shelby County, Tennessee

When examining property taxes in Germantown, 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. Assessment notices: 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 Germantown. For example, the median home price in Germantown is $368,300, with tax bills ranging significantly across the county. Zip code 38139 has the highest median home price at $441,500.

Property Tax Assessment Values Across Germantown, Shelby County, Tennessee

Source: Ownwell

$34,300

$261,525

$488,750

Median Germantown Market Value

$368,300

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 Germantown, Shelby County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38138	$229,920	$294,100	$334,600	$409,500	$529,360
38139	$310,770	$364,500	$441,500	$580,500	$790,390

Source: Ownwell

Property Tax Bills Across Germantown, Shelby County, Tennessee

In Germantown, located in Shelby County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its 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 $368,300, homeowners in Germantown face tax bills that can vary significantly. For instance, the 25th percentile tax bill is $4,090, while the 75th percentile reaches $6,310, and the 90th percentile can be as high as $8,931. These figures are notably higher than the national median property tax bill of $2,400, indicating the potential for considerable financial impact on homeowners. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax burden. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share. This not only eases financial strain but also maximizes property investment returns.

Property Tax Bills Across Germantown, Shelby County, Tennessee

Source: Ownwell

$538

$3,159

$5,779

Median Germantown Tax Bill

$4,833

Median Shelby County Tax Bill

$1,907

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Germantown, Shelby County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38138	$3,019	$3,856	$4,389	$5,398	$6,997
38139	$4,070	$4,767	$5,779	$7,607	$10,419

Source: Ownwell