Memphis, Tennessee — Tax Burden
What is the tax burden in Memphis, Tennessee?
Memphis, Tennessee has a total tax burden of 6.88%, ranking #5754 nationally. Property tax rate: 1.29%, state income tax: 0.000%, sales tax: 9.55%. Median household income is $48,090.
Source: US Census ACS, 2022
Ranked #5754 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
6.88%
Rank: 5754th nationally
Property Tax Rate
1.29%
Rank: 2404th nationally
Income Tax Rate
0.000%
Tennessee state rate
Sales Tax Rate
9.55%
State + local combined
Tax Burden Breakdown
Property (54%)Income (0%)Sales (46%)
Median Income: $48,090
Median Home Value: $139,600
Median Property Tax: $1,795/yr
Population: 630,027