Memphis anchors the Mid-South with a logistics and distribution economy built around FedEx's global hub. Shelby County's property tax rate is well above Nashville's, a significant factor even with the metro's low home prices.
Recommended for incomes above $55k/yr (28% DTI rule)
Memphis housing market
The 1.53% property tax rate reflects the county-level effective rate for Memphis and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Tennessee average — county-level data produces more accurate monthly payment estimates for Memphis buyers. Many Memphis properties also carry HOA fees — the area average is approximately $50/month, which is not included in the calculator above.
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