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How to Calculate Your Property
Tax
Assessment is a Percentage of Appraisal Value:
 |
Residential |
25% |
| |
Commercial |
40% |
| |
Industrial |
40% |
| |
Public Utility |
55% |
| |
Farm |
25% |
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Personal Property |
30% |
In the state of Tennessee, residential property
is assessed at 25% of its appraised value.
Using a $100,000 residential property as an
example: 25% of $100,000 is $25,000
Collierville applies its tax rate to the assessed
value in multiples of 100.
The current tax rate is $1.28 per $100 of assessed
value.
To continue the example: $25,000/100=250
Town of Collierville taxes for the year are:
250 x $1.28 = $320.00
Residents
of Collierville also pay Shelby County taxes.
Visit the Shelby
County Tax Assessors website for more information,
including a searchable database that can find property
sales data, ownership information on parcels in Collierville
and more.
© 2006
The Town of Collierville
Website by Webz Media.
Content maintained by individual departments.
Every effort has been made to ensure the accuracy of the information
within this website. Please email the webmaster with suggestions
or corrections.
The
Town of Collierville does not discriminate on the basis
of race, color, national origin, age, sex, or disability in
its hiring
and employment practices, or in admission to, access to,
or operation of its programs, services, and activities pursuant
to Title VI
of the Civil Rights Act of 1964 (42 U.S.C. 200d) and the
Americans with Disabilities Act of 1990, Pub. L 101-336.
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