Fayette County Property Taxes
Fayette County, Tennessee
Effective Tax Rate
0.00%
7.5% above state avgMedian Annual Tax
$0
$91/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.35%
At a Glance
Median Home Value
$316,000
State avg ▲ $201,611
Tax w/ Mortgage/yr
$1,144
$95/mo escrow
Tax w/o Mortgage/yr
$1,009
$84/mo
State Tax Rate Rank
#4
of 95 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Fayette County, Tennessee
Fayette County offers very low property taxes
Fayette County's effective tax rate of 0.346% is among the nation's lowest, producing median property taxes of just $1,092 despite higher home values—less than 41% of the national median property tax of $2,690. The county ranks in the bottom 10% nationally for property tax burden.
Second-lowest rate in Tennessee
Fayette County's effective rate of 0.346% ranks second-best in Tennessee among all 95 counties, surpassed only by Cumberland County's 0.307%. This exceptional position gives Fayette residents among the most favorable property tax treatment in the entire state.
Lowest taxes in the greater Memphis region
Fayette County's 0.346% rate substantially undercuts DeKalb County (0.362%), Decatur County (0.488%), and all other surrounding jurisdictions. Among the Memphis-area counties, Fayette stands alone as the most tax-friendly destination for homebuyers seeking low property tax burdens.
What a typical Fayette County homeowner pays
On the median home value of $316,000, Fayette County homeowners pay approximately $1,092 annually in property taxes. Mortgaged properties typically run $1,144, while outright owners average $1,009 per year.
Fayette homeowners should still verify assessments
Even in this low-tax county, some properties may be overassessed relative to current market conditions. Filing an appeal ensures your assessment reflects comparable recent sales, potentially lowering your already favorable tax position further.
How Fayette County Compares
Median Annual Property Tax
Fayette County
0.35%
Effective rate
Tennessee Avg
0.50%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Fayette County, Tennessee?
How much are property taxes in Fayette County?
How does Fayette County compare to the Tennessee average?
What is the median home value in Fayette County, Tennessee?
Is Fayette County a low property tax area in Tennessee?
How does Fayette County rank for property taxes in Tennessee?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Tennessee
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.