Property Tax Comparison
See how property tax changes impact different properties across Memphis and Shelby County.
The 2021 property reassessment affected different properties in different ways. Some areas saw larger increases than others, impacting tax bills differently even after rate recertification.
Selected Properties
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Impact by Property Value
When tax rates increase or decrease by a fixed percentage, the dollar impact varies by property value:
| Home Value | Impact of 0.10 Rate Increase |
|---|---|
| $100,000 | +$25 annually |
| $200,000 | +$50 annually |
| $350,000 | +$87.50 annually |
| $500,000 | +$125 annually |
Distribution of Tax Burden
Property tax is considered more progressive than sales tax because:
- Higher-value properties pay more in taxes
- Commercial properties are assessed at a higher percentage (40% vs. 25%)
- Tax relief programs exist for elderly and disabled homeowners
However, rapidly increasing property values in certain neighborhoods can create hardships for long-term residents with fixed incomes, highlighting the need for expanded relief programs.
Property value changes vary significantly by neighborhood. In the 2021 reassessment:
- Some historically undervalued neighborhoods saw the largest percentage increases
- Commercial properties generally increased less than residential properties
- Even with tax rate recertification, properties with above-average value increases saw tax bill increases
This highlights the importance of transparent, equitable property assessment and taxation policies.