Cordova, Shelby County, Tennessee Property Taxes

Name: Property Tax Bills Across Cordova, Shelby County, Tennessee
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cordova, TN effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, but lower than the Tennessee state median of 0.64%.
Median Cordova, TN home value: $216,600
Median annual Cordova, TN tax bill: $2,560, $160 higher than the national median property tax bill of $2,400.

How are property taxes in Shelby calculated?

Property taxes in Cordova, 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 Cordova’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cordova, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cordova, Shelby County, Tennessee Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.52%

Estimate Property Tax Bill

$3,292

$3,055

Ownwell’s Cordova Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cordova with just two data points. By entering your property's estimated assessed value, our calculator applies Cordova’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Shelby County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cordova, Shelby County, Tennessee

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essential process. Cordova in Shelby County, Tennessee, presents a compelling case for examining property tax rates. The effective property tax rate in Cordova can be compared to other cities in Tennessee, as well as the median property tax rates in both Tennessee and the U.S. Tennessee's median tax rate stands at 1.52%, which is above the national median of 1.02%. Shelby County's highest median tax rate is also 1.52%, while the lowest median tax rate within the county is 0.85%. Comparing these figures provides valuable insights into how property taxes in Cordova stack up against broader state and national trends, highlighting potential savings through strategic property tax appeals and exemptions.

Property Tax Rates Across Cordova, Shelby County, Tennessee

Source: Ownwell

0.85%

1.19%

1.52%

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 Cordova Tax Rate

1.52%

Median Effective Shelby County Tax Rate

1.52%

Median Effective Tennessee Tax Rate

0.64%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cordova, Shelby County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
38016	0.85%	0.85%	1.52%	1.52%	1.52%
38018	0.85%	0.85%	0.85%	1.52%	1.52%

Source: Ownwell

Property Tax Assessment Values Across Cordova, Shelby County, Tennessee

When examining property taxes in Cordova, 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 Shelby 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.

In Shelby 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 Cordova. For example, the median home price in Cordova is $216,600, with tax bills ranging significantly across the county. Zip code 38016 has the highest median home price at $220,600.

Property Tax Assessment Values Across Cordova, Shelby County, Tennessee

Source: Ownwell

$34,300

$261,525

$488,750

Median Cordova Market Value

$216,600

Median Shelby County Market Value

$147,100

Median Tennessee Market Value

$173,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cordova, Shelby County, Tennessee

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
38016	$147,100	$179,600	$220,600	$254,200	$297,360
38018	$151,500	$171,900	$209,800	$261,600	$329,900

Source: Ownwell

Property Tax Bills Across Cordova, Shelby County, Tennessee

In Cordova, located in Shelby County, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Cordova is $216,600, with property tax bills ranging from $1,907 at the 25th percentile to $3,987 at the 90th percentile. The highest median tax bill in the area is $2,734 in zip code 38016, while the lowest is $2,388 in zip code 38018. Comparatively, the national median property tax bill is $2,400, which highlights Cordova's competitive tax environment. Factors influencing tax bills include property size, location, and local tax rates. For homeowners, these taxes can represent a significant annual expense. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge of local tax laws and market trends, Ownwell ensures that property owners in Cordova pay only their fair share, potentially reducing their tax burden and increasing savings.

Property Tax Bills Across Cordova, Shelby County, Tennessee

Source: Ownwell

$538

$3,159

$5,779

Median Cordova Tax Bill

$2,560

Median Shelby County Tax Bill

$1,907

Median Tennessee Tax Bill

$1,206

Median United States Tax Bill

$2,400

Property Tax Bills Across Cordova, Shelby County, Tennessee

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
38016	$1,703	$2,039	$2,734	$3,548	$4,098
38018	$1,352	$1,620	$2,388	$3,101	$3,807

Source: Ownwell