Tennessee has one of the ten lowest tax burdens across the nation, and Fayette County property tax rates are among the lowest in the state.
Oakland, Tennessee has one of the lowest total property tax rates in the state, making it not just a great place to live, but a smart choice. See for yourself.
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TAX RATE/$100
OF ASSESSED VALUE
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$150,000 VALUE
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$200,000 VALUE
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$300,000 VALUE
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10 YEAR MORTGAGE
TAXES PAID ON $200K
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15 YEAR MORTGAGE
TAXES PAID ON $200K
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30 YEAR MORTGAGE
TAXES PAID ON $200K
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| FAYETTE |
$1.60
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$512.00
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$735.00
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$1,102.00
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$7,350.00
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$14,700.00
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$22,050.00
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| OAKLAND |
$0.29
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$56.00
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$75.00
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$112.00
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$750.00
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$1,500.00
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$2,250.00
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| SOMERVILLE |
$0.57
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$213.75
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$285.00
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$427.50
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$2,850.00
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$4,275.00
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$8,550.00
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| SHELBY |
$4.06
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$1,522.00
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$2,030.00
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$3,045.00
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$20,300.00
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$40,600.00
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$60,900.00
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| MEMPHIS |
$3.43
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$1,286.00
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$1,715.00
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$2,572.00
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$17,150.00
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$34,300.00
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$51,450.00
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| GERMANTOWN |
$1.54
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$577.00
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$770.00
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$1,155.00
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$7,700.00
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$15,400.00
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$23,100.00
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| COLLIERVILLE |
$1.28
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$480.00
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$640.00
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$960.00
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$6,400.00
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$12,800.00
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$19,200.00
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| BARTLETT |
$1.31
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$491.00
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$655.00
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$982.00
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$6,550.00
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$13,100.00
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$19,650.00
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| MILLINGTON |
$1.23
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$461.00
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$615.00
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$922.00
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$6,150.00
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$12,300.00
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$18,450.00
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| ARLINGTON |
$1.00
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$375.00
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$500.00
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$750.00
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$5,000.00
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$10,000.00
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$15,000.00
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| TIPTON |
$2.34
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$877.50
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$1,170.00
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$1,755.00
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$11,700.00
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$17,550.00
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$35,100.00
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| COVINGTON |
$1.19
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$446.25
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$595.00
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$892.50
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$5,950.00
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$8,925.00
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$17,850.00
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| ATOKA |
$0.56
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$208.13
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$277.50
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$416.25
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$2,775.00
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$4,162.50
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$8,325.00
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| MUNFORD |
$0.93
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$348.68
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$464.90
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$697.35
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$4,649.00
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$6,973.50
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$13,947.00
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| MASON |
$0.97
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$363.75
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$485.00
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$727.50
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$4,850.00
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$7,275.00
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$14,550.00
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| BRIGHTON |
$0.50
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$186.11
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$248.15
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$372.23
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$2,481.50
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$3,722.25
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$7,444.50
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| DESOTO* |
$9.83
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$1,474.50
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$1,966.00
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$2,949.00
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$19,660.00
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$29,490.00
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$58,980.00
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| OLIVE BRANCH |
$3.45
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$517.50
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$690.00
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$1,035.00
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$6,900.00
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$10,350.00
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$20,700.00
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| HERNANDO |
$3.18
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$477.00
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$636.00
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$954.00
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$6,360.00
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$9,540.00
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$19,080.00
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| HORN LAKE |
$4.20
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$630.00
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$840.00
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$1,260.00
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$8,400.00
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$9,450.00
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$25,200.00
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ON A 30 YEAR MORTGAGE THE TAXES ON A $200,000 HOME IN OAKLAND = $24,300.00
ON A 30 YEAR MORTGAGE THE TAXES ON A $200,000 HOME IN MEMPHIS = $112,350.00
SAVINGS = $88,050.00
Fayette County: $1.6054
Oakland: $0.2975
Combined: $1.9029 per $100 of assessed value
Assessor
Mark Ward
P O Box 446
Somerville, TN 38068
(901)465-5226
Trustee
Barbra Parker
P O Box 340
Somerville, TN 38068-0340
(901)465-5225