Tennessee Property Tax Calculator

Michigan Property Tax Calculator

Michigan Property Tax Calculator

Estimate your property taxes based on Michigan's assessment rates and mill rates

1
Property Details
2
Location
3
Owner Info
4
Exemptions
5
Results
Michigan Assessment Rates
Michigan assesses properties at 50% of true cash value with an average effective property tax rate of ~1.15%. Taxable value increases are capped at 5% per year or the rate of inflation, whichever is less.

Property Details

Enter the true cash value (market value) of your property in USD

Please enter a valid true cash value

Enter the previous year's taxable value (if known)

Current inflation rate (default: 2.3%)

Different property types have different tax rates in Michigan

Please select a property type

Enter the total square footage of the property

Please enter valid square footage

Enter the total acreage of the property

Please enter valid acreage

Enter the year the property was constructed

Please enter a valid year

The year for which you want to calculate property taxes

Please select an assessment year

Principal residences qualify for the Principal Residence Exemption (PRE)

Recent purchases may trigger a taxable value "uncapping"

Location Information

Your county determines some of your tax rates

Please select a county

Your city/township determines your local millage rates

School districts have their own millage rates

Special assessment districts may have additional millage rates

Owner Information

Your ownership status may affect exemption eligibility

Please select an ownership status

Enter how many years you've owned the property

Please enter a valid duration

Enter owner's age (required for certain exemptions)

Please enter a valid age

Required for Homestead Property Tax Credit eligibility

Disabled veterans may qualify for property tax exemptions

Seniors may qualify for additional property tax credits

Exemption Eligibility

Check all exemptions that apply to your property

Exempts property from up to 18 mills of school operating taxes

100% exemption for qualifying disabled veterans

For low-income homeowners who meet local guidelines

State income tax credit for qualifying homeowners and renters

Exempts property from up to 18 mills of school operating taxes

For qualifying industrial properties

For qualifying residential properties in designated zones

For qualifying rehabilitated commercial properties

For qualifying rehabilitated obsolete properties

Property Tax Assessment Results

Assessment Summary

True Cash Value: $0
State Equalized Value (SEV): $0
Previous Taxable Value: $0
Capped Value Increase: $0
Current Taxable Value: $0

Millage Rate Information

County Operating Millage: 0.00
City/Township Millage: 0.00
School Operating Millage: 0.00
School Debt Millage: 0.00
State Education Tax: 6.00
Special Assessment Millage: 0.00
Total Millage Rate: 0.00

Tax Calculation

County Tax: $0
City/Township Tax: $0
School Operating Tax: $0
School Debt Tax: $0
State Education Tax: $0
Special Assessment Taxes: $0
Total Property Tax: $0
Homestead Property Tax Credit: $0
Net Annual Tax Amount: $0
Effective Tax Rate: 0.00%

Payment Information

Summer Tax Due: $0
Winter Tax Due: $0
Summer Tax Due Date: July 1 (payable by September 14)
Winter Tax Due Date: December 1 (payable by February 14)

Disclaimer: This calculator provides an estimate of property taxes based on the information provided. Actual tax amounts may vary. Please consult with your local tax assessor's office for official tax information.

With our free Tennessee Property Tax Calculator, quickly project your Tennessee annual property tax obligation. Whether you are a landowner, business owner, or homeowner, simply enter the appraised value, location, type of property, and any exemptions to get a reasonable estimate of your tax bill.

This Calculator — What Is It?

The Tennessee Property Tax Calculator is a financial tool designed to let property owners project their annual property tax depending on:

  • the type of property
  • the location (county)
  • the assessed value of their property
  • any relevant exemptions

It is catered to Tennessee’s particular property tax system, which differs county by county and covers taxes for counties, municipalities, and schools.

Reasons Why It Matters

For Tennessee’s property owners, a major outlay of funds for necessary local services—including schools, roads, and emergency services—are property taxes.
Budgeting, financial planning, and wise property ownership decisions all benefit from knowing your property tax liability.

  • Median annual tax: $1,356
  • Average effective rate: 0.58%

Tennessee boasts rather low property taxes among many states.

Little History

Since Tennessee’s early days, property taxes have been a component of its tax system, changing to suit local governments’ needs. The state has used several assessment techniques and tax rates over time to balance taxpayer loads with funding needs.

Today, Tennessee’s property tax system is run at the county level — each county sets its own assessment policies and tax rates.

How It Does It

Property Tax Formula

Property Tax = (Assessed Value ÷ 100) × Tax Rate

At:

  • Appraised Value × Assessment Ratio = Assessed Value
  • Assessment Ratio:
    • Residential and agricultural: 25%
    • Commercial/industrial: 40%
    • Personal property: 30%
  • Tax Rate:
    • Set by local government
    • Varies by county and municipality
    • Usually stated per $100 of assessed value

Methodologically: Step-by-Step

  1. Find the appraised value of your property — determined by your county property assessor.
  2. Find the suitable assessment ratio by knowing the class of your property (residential, business, etc.).
  3. Calculate the assessed value: Multiply the appraised value by the assessment ratio.
  4. Get the local tax rate from your county or city government.
  5. Compute property taxes: Divide the assessed value by 100, then multiply by the tax rate.

Important Inputs and Components

Input Definition
Appraised Value The value of your property as decided upon by the county property assessor
Class of Property Residential, Business, Agricultural, Industrial
Assessment Ratios The proportion of appraised value deemed taxable (e.g., 25% for residential)
Tax Rate Set by the county/municipality per $100 of assessed value
Exemptions Any deductions you are eligible for — homestead, veterans, elderly, etc.

Variations in Cost Types and Results

Result What It Implies
Assessed Value Your property’s taxable value after applying the assessment ratio
Annual Property Tax Your total estimated yearly tax obligation
Tax Rate Analysis Combined rates from county, municipality, and school district
Exemption Savings The amount you may save if exemptions apply

Sample Calculations and Scenarios

# Appraised Value County Assessment Ratio Tax Rate ($/100) Property Type Exemptions Annual Tax
1 $400,000 Davidson (GSD) 25% 2.922 Residential $0 $2,922.00
2 $500,000 Williamson (General) 40% 1.89 Business $0 $3,656.00
3 $200,000 Williamson (Franklin + FSSD) 25% 2.5051 Residential $0 $1,252.55
4 $100,000 Davidson (USD) 25% 3.254 Agricultural $0 $813.50
5 $50,000 Williamson (General) 30% 1.89 Personal Property $0 $282.00

Breakdown — Example 1

  • Appraised Value: $400,000
  • Assessment Ratio: 25% (Residential)
  • $400,000 × 0.25 = $100,000 Assessed Value
  • Tax Rate: $2.922 per $100
  • Property Tax: ($100,000 ÷ 100) × $2.922 = $2,922.00

Breakdown — Example 2

  • Appraised Value: $500,000
  • Assessment Ratio: 40% (Commercial)
  • $500,000 × 0.40 = $200,000 Assessed Value
  • Tax Rate: $1.88 per $100
  • Property Tax: ($200,000 ÷ 100) × $1.88 = $3,760.00

Interactive Tables & Charts

Davidson County – $400,000 Residential Property (GSD)

Component Quantity
Appraised Value $400,000
Assessment Ratio 25%
Assessed Value $100,000
Tax Rate $2.922 / $100
Annual Property Tax $2,922.00

Pie Chart — $400,000 Property Tax Distribution

  • Property Tax: ~0.73% of assessed value
  • Non-Taxable Value: ~99.27%

(Pie chart values are approximate and illustrative.)

Frequently Asked Questions (FAQs)

Q1: Where can I locate the appraised value of my property?
Check your property tax statement or contact your county property assessor. Assessments are updated periodically based on market trends.

Q2: What is an assessment ratio, and how does it function?
It is the percentage of your appraised property value that is taxable.

  • Residential/agricultural: 25%
  • Commercial/industrial: 40%
  • Personal property: 30%

Q3: Does Tennessee offer any property tax exemptions?
Yes, such as:

  • Homestead exemptions
  • Veterans’ exemptions
  • Senior citizens’ exemptions
    Contact your county assessor to verify eligibility.

Q4: How accurate is this calculator?
It offers a projection based on average tax rates and ratios. For precise figures, consult your county assessor or trustee.

Q5: When are Tennessee property taxes due?
Usually by February 28 annually, but due dates vary by county. Confirm with your local tax office.

Q6: Are tax rates different inside a county?
Yes. Cities or special school districts may have different rates.
For example, Franklin (with FSSD) in Williamson County has a different rate than the county’s general rate.

Why Use the Tennessee Property Tax Calculator?

This tool removes the guesswork from property tax estimates.
Whether you are a small business owner in Knoxville or a first-time homebuyer in Memphis, this calculator helps you plan with confidence.

Tennessee may have low average tax rates — but accurate financial planning starts with knowing your numbers.

Try it now and take control of your property tax planning.

Find other property tax calculators for other states of USA here: