Property Tax on a $300,000 Home in Tennessee

How Much is Property Tax on a $300,000 Home in Tennessee?

Property tax on a $300,000 home in Tennessee typically ranges from $1,200 to $3,300 per year (roughly $100 to $275/month), depending on the county. Based on the statewide average effective rate of 0.67%, you can expect to pay around $2,010/year, or $168/month. Tennessee has no state income tax on wages, helping keep property tax rates relatively low despite property taxes being an important local revenue source.