Selmer, Mcnairy County, Tennessee Property Taxes
Median Selmer, TN effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, and also lower than the Tennessee state median of 0.64%.
Median Selmer, TN home value: $107,800
Median annual Selmer, TN tax bill: $510, $1,890 lower than the national median property tax bill of $2,400.
How are property taxes in McNairy calculated?
Property taxes in Selmer, TN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Selmer’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Selmer, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Selmer, Mcnairy County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.4%
Estimate Property Tax Bill
$431
$400
Property Tax Rates Across Selmer, Mcnairy County, Tennessee
Local government entities set tax rates, which can vary widely within a state. This occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Selmer, located in McNairy County, Tennessee, the effective property tax rate reflects this process. Tennessee, known for its relatively low property tax rates, sees Selmer's rate as competitive within the state. When compared to the national median property tax rate of 1.02%, Selmer offers a more favorable environment for property owners. This difference can translate to significant savings, especially when considering the national median property tax bill of $2,400. For residents and potential property buyers in Selmer, this means a lower financial burden compared to many other parts of the country. Understanding these dynamics is crucial for property owners aiming to maximize their investment while minimizing expenses.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Selmer Tax Rate
0.40%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Mcnairy County Tax Rate
0.39%
Median Effective Tennessee Tax Rate
0.64%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Selmer, Mcnairy County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38375 | 0.39% | 0.39% | 0.40% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Selmer, Mcnairy County, Tennessee
When examining property taxes in Selmer, TN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The McNairy County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In McNairy County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Selmer. For example, the median home price in Selmer is $107,800, with tax bills ranging significantly across the county. Zip code 38375 has the highest median home price at $107,800.
Property Tax Assessment Values Across Selmer, Mcnairy County, Tennessee
Source: Ownwell
$73,550
$107,225
$140,900
Median Selmer Market Value
$107,800
Median Mcnairy County Market Value
$107,300
Median Tennessee Market Value
$173,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Selmer, Mcnairy County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38375 | $32,950 | $64,000 | $107,800 | $164,650 | $237,450 |
Source: Ownwell
Property Tax Bills Across Selmer, Mcnairy County, Tennessee
Median Selmer Tax Bill
$510
Median Mcnairy County Tax Bill
$471
Median Tennessee Tax Bill
$1,206
Median United States Tax Bill
$2,400
Property Tax Bills Across Selmer, Mcnairy County, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 38375 | $148 | $295 | $510 | $763 | $1,096 |
Source: Ownwell