Calculate using real Memphis data. Median home price: $180,000. Property tax rate: 1.29%.
The effective property tax rate in Memphis, TN is 1.29%. On the median home value of $180,000, that equals approximately $2,322 per year.
At the 1.29% effective rate, a $180,000 home in Memphis, TN would pay about $2,322 annually, or $194 per month.
The 1.29% rate in Memphis, TN is above the national average of roughly 1.1%.