Property Tax, Nashville, TN

2022 Nashville, Tennessee Property Tax Rates

By Staff Writer Last Updated January 5, 2023 3 min read

Are you thinking of moving to Nashville, Tennessee? Before you do, it’s important to understand the current property tax rates in both the urban and suburban areas surrounding Nashville, TN.

The city of Nashville is located in Davidson County, Tennessee, and the county seat is Nashville, with a population of over 1 million. 

Nashville is named one of America’s “Top 10 Most Livable Cities” by Livability Magazine. It was also ranked #1 on Forbes’s Best Places for Business & Careers list.

Nashville, TN Real Estate Market Trends

Home prices have risen steadily since 2010, but there are signs of them slowing down. Home sales dropped slightly last year. But it’s not all bad news: despite the recent rise in interest rates, they remain relatively low, which means it can still be a good time to buy. 

Nashville, TN Home Values

Nashville real estate values have increased at a steady pace since 2010. During that period, the median single-family house prices rose from $145,000 to $165,000. 

Now, the average home value in Nashville is $455,304. Single-family homes continue to command higher prices than other types of properties. However, condos and townhomes are catching up.

2022 Nashville Property Tax Rates

In 2017, the average property taxes paid in Nashville were $2,735. This number amounts to 2.6% of the assessed value of your home. For example, if your home value is $200,000, your property taxes would amount to $5,400 annually. In 2022, the average property taxes will increase to $2,845. That’s 3.0% of the assessed value.

What Affects Your Property Taxes?

Property taxes depend on several factors, including property type (single-family, multi-unit), size, location, and market conditions. Other things that affect property taxes include the number of bedrooms, bathrooms, garages, basements, porches, decks, pools, etc.

How Much Can I Save With Homestead Exemption?

You can save about $3,500 annually by qualifying for the homestead exemption. 

To qualify, you need to meet the following criteria:

• You must own your primary residence

• You must live in it

• You cannot owe more than $25,000 in debt

• Your total household income cannot exceed $150,000

If you meet these requirements, then you may be eligible for the homestead exemption!

Nashville Neighborhoods

There are many neighborhoods throughout Nashville, including East Nashville, West Nashville, Downtown Nashville, Germantown, Franklin, Antioch, Brentwood, Madison, Belle Meade, Green Hills, Forest Hill, Hermitage, Hickory Hollow, Wedgewood, Cool Springs, Five Points, Cordell Hull, Oakhurst, Sylvan Park, Morningside, South Nashville, North Nashville, Woodland Heights, Whitehaven, Twelve Oaks, and others.

Nashville Metro Schools

The Metropolitan Board of Public Education (MBPE) operates public schools in Nashville. There are three school systems within the MBPE: public charter schools, private schools, and public magnet schools.

Nashville Attractions

Nashville is known as Music City USA. With more than 200 venues, there are plenty of places to see live music. Other attractions include the Country Music Hall of Fame and Museum, Bridgestone Arena, Nissan Stadium, LP Field, Ascend Amphitheater, Ryman Auditorium, War Memorial Auditorium, Centennial Stage, Schermerhorn Symphony Center, Bicentennial Capitol Mall State Park, Opry Mills, the Parthenon, the Hermitage Hotel, Vanderbilt University, Belmont University, and the Frist Center for Visual Arts.

Nashville Transportation

Two light rail lines serve the area around downtown Nashville. One line runs north-south along Broadway Avenue; another runs east-west along Gallatin Street. Both lines connect with the city bus system. A new streetcar line is being built connecting downtown Nashville with the airport.

The Nashville International Airport has flights to major cities like Atlanta, Chicago, Dallas/Fort Worth, Detroit, Houston, Las Vegas, Los Angeles, Miami, Orlando, Phoenix, San Antonio, Seattle, Tampa, Washington DC, and New York.