Property Taxes in Memphis, Tennessee
Median Memphis, Tennessee effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, and slightly higher than the Tennessee state median of 0.54%.
Median Memphis, Tennessee home value: $141,500
Median annual Memphis, Tennessee tax bill: $826, lower than the national median property tax bill of $2,400.
How are property taxes in Shelby calculated?
Property taxes in Memphis, Tennessee 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 Memphis's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Memphis, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Memphis Property Tax Calculator Work?
Use this Memphis property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Memphis's median effective tax rate of 0.59% — based on actual property records in Shelby County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Memphis's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Memphis: rates range from $308 in 38108 to $2,763 in 38120, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Memphis.
About Memphis Property Taxes
About Property Taxes in Memphis, Shelby, Tennessee
Memphis’s median effective property tax rate of 0.59% is higher than the Tennessee state median of 0.54% and lower than the national median of 1.02%. This rate reflects the Shelby County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Memphis. Homeowners in the 38104 ZIP code carry a median effective rate of 0.75%, while those in 38108 pay 0.50%. This spread — 0.25 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Shelby County. Understanding which part of Memphis you live in can make a meaningful difference to your annual tax bill.
Memphis homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 31, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Memphis, Shelby County, Tennessee
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Memphis's effective property tax rate to other cities in Tennessee and the median property tax rates in Tennessee and the U.S.
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 Memphis Tax Rate
0.59%
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
0.61%
Median Effective Tennessee Tax Rate
0.54%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Memphis, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38103 | 0.62% | 0.66% | 0.70% | 0.74% | 0.79% |
| 38104 | 0.58% | 0.67% | 0.75% | 0.83% | 0.89% |
| 38105 | 0.44% | 0.52% | 0.57% | 0.65% | 0.73% |
| 38106 | 0.44% | 0.53% | 0.57% | 0.64% | 0.75% |
| 38107 | 0.44% | 0.49% | 0.59% | 0.70% | 0.80% |
| 38108 | 0.38% | 0.45% | 0.50% | 0.57% | 0.65% |
| 38109 | 0.41% | 0.49% | 0.54% | 0.58% | 0.63% |
| 38111 | 0.43% | 0.50% | 0.59% | 0.71% | 0.79% |
| 38112 | 0.46% | 0.51% | 0.62% | 0.74% | 0.83% |
| 38114 | 0.39% | 0.48% | 0.56% | 0.64% | 0.72% |
| 38115 | 0.50% | 0.55% | 0.60% | 0.65% | 0.71% |
| 38116 | 0.50% | 0.54% | 0.59% | 0.65% | 0.71% |
| 38117 | 0.57% | 0.63% | 0.69% | 0.74% | 0.78% |
| 38118 | 0.48% | 0.50% | 0.56% | 0.60% | 0.70% |
| 38119 | 0.56% | 0.60% | 0.64% | 0.67% | 0.72% |
| 38120 | 0.58% | 0.63% | 0.69% | 0.74% | 0.79% |
| 38122 | 0.42% | 0.47% | 0.55% | 0.63% | 0.72% |
| 38125 | 0.52% | 0.56% | 0.61% | 0.65% | 0.70% |
| 38126 | 0.42% | 0.47% | 0.57% | 0.63% | 0.67% |
| 38127 | 0.48% | 0.52% | 0.58% | 0.62% | 0.64% |
| 38128 | 0.49% | 0.52% | 0.57% | 0.62% | 0.67% |
| 38133 | 0.50% | 0.53% | 0.58% | 0.61% | 0.85% |
| 38134 | 0.53% | 0.57% | 0.61% | 0.63% | 0.65% |
| 38135 | 0.52% | 0.55% | 0.58% | 0.61% | 0.66% |
| 38141 | 0.49% | 0.53% | 0.61% | 0.63% | 0.66% |
| 38113 | N/A | N/A | N/A | N/A | N/A |
| 38152 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Memphis, Shelby County, Tennessee
When examining property taxes in Memphis, Tennessee, 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. Shelby County 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 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. For example, the median home price in Memphis is $141,500, with tax bills ranging significantly across the county. 38120 has the highest median home price at $413,250.
Property Tax Assessment Values Across Memphis, Shelby County, Tennessee
Source: Ownwell
$55,400
$365,000
$674,600
Median Memphis Market Value
$141,500
Median Shelby County Market Value
$210,800
Median Tennessee Market Value
$213,900
Median United States Market Value
$274,101
Property Tax Assessment Values Across Memphis, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38103 | $194,900 | $259,100 | $343,500 | $437,000 | $597,740 |
| 38104 | $124,700 | $195,700 | $265,200 | $380,800 | $537,920 |
| 38105 | $50,220 | $66,900 | $93,550 | $191,800 | $259,080 |
| 38106 | $30,200 | $41,000 | $55,400 | $75,100 | $98,800 |
| 38107 | $33,430 | $46,300 | $120,300 | $189,775 | $254,740 |
| 38108 | $30,000 | $40,000 | $62,900 | $85,400 | $111,300 |
| 38109 | $46,900 | $69,000 | $94,400 | $119,600 | $155,520 |
| 38111 | $65,800 | $87,300 | $127,300 | $228,700 | $412,030 |
| 38112 | $42,600 | $56,650 | $108,000 | $291,150 | $448,740 |
| 38114 | $36,600 | $51,600 | $69,600 | $98,300 | $140,700 |
| 38115 | $45,400 | $126,200 | $162,700 | $188,000 | $216,300 |
| 38116 | $95,500 | $121,800 | $151,800 | $184,300 | $222,000 |
| 38117 | $153,200 | $188,800 | $267,200 | $414,975 | $721,000 |
| 38118 | $64,650 | $102,500 | $122,800 | $142,300 | $162,600 |
| 38119 | $150,900 | $234,900 | $294,500 | $391,050 | $525,980 |
| 38120 | $182,300 | $294,950 | $413,250 | $616,075 | $980,610 |
| 38122 | $65,350 | $88,200 | $112,500 | $147,025 | $208,250 |
| 38125 | $218,300 | $239,675 | $274,800 | $319,600 | $391,600 |
| 38126 | $31,210 | $40,700 | $60,550 | $108,275 | $162,070 |
| 38127 | $60,800 | $77,200 | $91,600 | $110,700 | $134,800 |
| 38128 | $75,800 | $102,200 | $137,700 | $179,900 | $222,000 |
| 38133 | $32,800 | $180,000 | $212,800 | $242,950 | $264,400 |
| 38134 | $137,200 | $162,600 | $194,600 | $227,000 | $255,400 |
| 38135 | $167,200 | $186,900 | $220,950 | $261,500 | $313,520 |
| 38141 | $136,000 | $151,200 | $180,100 | $211,825 | $239,150 |
| 38113 | N/A | N/A | N/A | N/A | N/A |
| 38152 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Memphis, Shelby County, Tennessee
Property tax bills in Memphis are based on the assessed value of a home and the local tax rate set for Shelby County. When a property is valued, that assessed amount is multiplied by the applicable rate to determine the annual bill. Factors such as location, neighborhood, and home characteristics can influence the assessed value, which means similar homes may not receive the same tax bill.
For Memphis homeowners, this can create a wide range of outcomes. The median home price is $141,500, while the tax bill can vary significantly across the city, from $308.00 in ZIP code 38108 to $2,763.00 in ZIP code 38120. The 25th percentile tax bill is $471, the 75th percentile is $1,424, and the 90th percentile reaches $2,391. These differences show how property taxes can affect affordability and monthly housing costs, especially when assessed values rise faster than a homeowner expects.
Median Memphis Tax Bill
$826
Median Shelby County Tax Bill
$1,285
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$3,209
Property Tax Bills Across Memphis, Shelby County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38103 | $1,354 | $1,868 | $2,420 | $3,118 | $4,172 |
| 38104 | $799 | $1,433 | $2,050 | $2,921 | $4,074 |
| 38105 | $292 | $362 | $508 | $1,167 | $1,613 |
| 38106 | $164 | $235 | $318 | $435 | $590 |
| 38107 | $162 | $228 | $668 | $1,287 | $1,858 |
| 38108 | $158 | $208 | $308 | $418 | $560 |
| 38109 | $225 | $346 | $497 | $642 | $838 |
| 38111 | $326 | $447 | $693 | $1,713 | $3,088 |
| 38112 | $221 | $314 | $615 | $2,167 | $3,323 |
| 38114 | $168 | $276 | $394 | $544 | $804 |
| 38115 | $377 | $675 | $1,013 | $1,186 | $1,319 |
| 38116 | $546 | $713 | $873 | $1,109 | $1,356 |
| 38117 | $1,000 | $1,225 | $1,831 | $2,859 | $4,760 |
| 38118 | $325 | $573 | $672 | $778 | $914 |
| 38119 | $890 | $1,462 | $1,861 | $2,602 | $3,378 |
| 38120 | $1,203 | $1,988 | $2,763 | $4,165 | $6,869 |
| 38122 | $319 | $428 | $603 | $824 | $1,415 |
| 38125 | $1,174 | $1,399 | $1,661 | $2,034 | $2,581 |
| 38126 | $175 | $224 | $327 | $464 | $664 |
| 38127 | $338 | $419 | $514 | $631 | $778 |
| 38128 | $409 | $572 | $808 | $1,034 | $1,246 |
| 38133 | $207 | $1,064 | $1,182 | $1,303 | $1,430 |
| 38134 | $806 | $1,007 | $1,178 | $1,359 | $1,527 |
| 38135 | $988 | $1,098 | $1,254 | $1,501 | $1,867 |
| 38141 | $748 | $901 | $1,073 | $1,264 | $1,431 |
| 38113 | N/A | N/A | N/A | N/A | N/A |
| 38152 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Shelby Tax Assessor | |
| Website | www.assessormelvinburgess.com |