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Taxes

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.

 
TAX RATE/$100
OF ASSESSED VALUE
 
$150,000 VALUE
$200,000 VALUE
 
$300,000 VALUE
 
10 YEAR MORTGAGE
TAXES PAID ON $200K
15 YEAR MORTGAGE
TAXES PAID ON $200K
30 YEAR MORTGAGE
TAXES PAID ON $200K
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FAYETTE
$1.60
 
$512.00
$735.00
 
$1,102.00
 
$7,350.00
$14,700.00
$22,050.00
OAKLAND
$0.29
 
$56.00
$75.00
 
$112.00
 
$750.00
$1,500.00
$2,250.00
SOMERVILLE
$0.57
 
$213.75
$285.00
 
$427.50
 
$2,850.00
$4,275.00
$8,550.00
 
 
 
 
 
 
 
 
 
 
 
SHELBY
$4.06
 
$1,522.00
$2,030.00
 
$3,045.00
 
$20,300.00
$40,600.00
$60,900.00
MEMPHIS
$3.43
 
$1,286.00
$1,715.00
 
$2,572.00
 
$17,150.00
$34,300.00
$51,450.00
GERMANTOWN
$1.54
 
$577.00
$770.00
 
$1,155.00
 
$7,700.00
$15,400.00
$23,100.00
COLLIERVILLE
$1.28
 
$480.00
$640.00
 
$960.00
 
$6,400.00
$12,800.00
$19,200.00
BARTLETT
$1.31
 
$491.00
$655.00
 
$982.00
 
$6,550.00
$13,100.00
$19,650.00
MILLINGTON
$1.23
 
$461.00
$615.00
 
$922.00
 
$6,150.00
$12,300.00
$18,450.00
ARLINGTON
$1.00
 
$375.00
$500.00
 
$750.00
 
$5,000.00
$10,000.00
$15,000.00
 
 
 
 
 
 
 
 
 
 
 
TIPTON
$2.34
 
$877.50
$1,170.00
 
$1,755.00
 
$11,700.00
$17,550.00
$35,100.00
COVINGTON
$1.19
 
$446.25
$595.00
 
$892.50
 
$5,950.00
$8,925.00
$17,850.00
ATOKA
$0.56
 
$208.13
$277.50
 
$416.25
 
$2,775.00
$4,162.50
$8,325.00
MUNFORD
$0.93
 
$348.68
$464.90
 
$697.35
 
$4,649.00
$6,973.50
$13,947.00
MASON
$0.97
 
$363.75
$485.00
 
$727.50
 
$4,850.00
$7,275.00
$14,550.00
BRIGHTON
$0.50
 
$186.11
$248.15
 
$372.23
 
$2,481.50
$3,722.25
$7,444.50
 
 
 
 
 
 
 
 
     
 
 
 
 
 
 
 
 
     
DESOTO*
$9.83
 
$1,474.50
$1,966.00
 
$2,949.00
 
$19,660.00
$29,490.00
$58,980.00
OLIVE BRANCH
$3.45
 
$517.50
$690.00
 
$1,035.00
 
$6,900.00
$10,350.00
$20,700.00
HERNANDO
$3.18
 
$477.00
$636.00
 
$954.00
 
$6,360.00
$9,540.00
$19,080.00
HORN LAKE
$4.20
 
$630.00
$840.00
 
$1,260.00
 
$8,400.00
$9,450.00
$25,200.00
*10% of Appraised Value of Property

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

Property Tax Rates

Fayette County: $1.6054
Oakland: $0.2975
Combined: $1.9029 per $100 of assessed value

Contact

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

Property Tax Comparison Chart