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Tennessee Property Tax (2026)
Info: Tennessee has no state property tax; the county assessor appraises property, a state-set assessment ratio is applied (residential and farm at 25% of appraised value, commercial/industrial at 40%), and the county commission sets the local tax rate per $100 of assessed value.
Official source: comptroller.tn.gov →
General legal information, not legal advice — verify important decisions with a licensed attorney.
Property Tax in states bordering Tennessee
The same rule in each neighboring state LawLert has verified, from that state’s own official source.
- AlabamaInfo
Owner-occupied homes (Class III) are assessed at only 10% of appraised value, then taxed at millage rates set by counties and local taxing agencies — e.g. a $100,000 home at a 32.5-mill county rate owes about $325/year, before homestead exemptions.
Verified Jul 2, 2026 · Source: revenue.alabama.gov · Full Alabama rule →
- ArkansasInfo
Set locally: county assessors value property and local taxing districts set millage rates. Amendment 79 relief: homestead tax credit up to $500/yr (rising to up to $600 beginning with 2026 tax bills); after a county-wide reappraisal, taxable assessed value can rise at most 5%/yr for a homestead (10% for other real property); owners 65+ or disabled can freeze their homestead assessed value.
Verified Jul 6, 2026 · Source: dfa.arkansas.gov · Full Arkansas rule →
- GeorgiaInfo
County-administered: assessed value is 40% of fair market value, minus homestead exemptions (state standard $2,000; many counties offer more), times the local millage rate. DOR worked example: a $100,000 home at 25 mills owes about $950/yr. Bills are typically due Dec 20; assessments are set each Jan 1 at fair market value (OCGA 48-5-6).
Verified Jul 6, 2026 · Source: dor.georgia.gov · Full Georgia rule →
- KentuckyInfo
Real property in Kentucky is assessed by county Property Valuation Administrators (PVAs) and taxed at the state real property rate (10.6 cents per $100 of value for 2025) plus local rates set by counties, cities, school districts, and special districts. Rates and exemptions (such as the homestead exemption) are administered locally.
Verified Jul 11, 2026 · Source: revenue.ky.gov · Full Kentucky rule →
- MississippiInfo
Owner-occupied single-family homes are assessed at 10% of true value and most other real property at 15%; county and local taxing authorities levy the millage, so bills vary by county.
Verified Jul 16, 2026 · Source: dor.ms.gov · Full Mississippi rule →
- MissouriInfo
Property tax is assessed and collected locally. County assessors set your property's market value, apply a classification percentage to reach assessed value (19% for residential), then local taxing districts apply their levies, so rates vary by county and district.
Verified Jul 14, 2026 · Source: stc.mo.gov · Full Missouri rule →
- North CarolinaInfo
Property tax is administered locally: county assessors value your property, and counties and municipalities set their own tax rates, so effective rates vary by location.
Verified Jul 14, 2026 · Source: ncdor.gov · Full North Carolina rule →
- VirginiaInfo
Virginia levies no state tax on real estate - property taxes are local taxes administered by each city, county, and town, and rates differ by locality. Questions about real estate or personal property tax go to your local tax office.
Verified Jul 19, 2026 · Source: tax.virginia.gov · Full Virginia rule →
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