Property Tax Nashville TN: A Comprehensive Guide

Nashville is a thriving city with a growing population and a strong economy. As the city continues to grow, so does the need for revenue to support essential services such as education, public safety, and infrastructure. Property taxes are a major source of revenue for the city of Nashville.

What is Property Tax?

Property tax is a tax levied on the value of real property, such as land and buildings. The tax is calculated by multiplying the assessed value of the property by the tax rate. The assessed value is typically determined by a local tax assessor who evaluates the property's characteristics, such as size, location, and condition. The tax rate is set by the local government and can vary from city to city.

Who Pays Property Tax in Nashville?

All property owners in Nashville are required to pay property tax. This includes both residential and commercial properties.

How is Property Tax Calculated in Nashville?

The property tax rate in Nashville is 2.45%. This means that for every $100,000 of assessed value, the property owner will pay $2,450 in property tax.

When is Property Tax Due in Nashville?

Property taxes in Nashville are due twice a year, on February 28th and August 28th.

How to Pay Property Tax in Nashville

There are several ways to pay property tax in Nashville:

• Online: You can pay your property tax online using the Davidson County Trustee's website.
• By mail: You can mail your property tax payment to the Davidson County Trustee's office at 501 Broadway, Suite 300, Nashville, TN 37203.
• In person: You can pay your property tax in person at the Davidson County Trustee's office.

What Happens if I Don't Pay My Property Tax in Nashville?

If you do not pay your property tax by the due date, you will be charged a late penalty. The penalty is 10% of the unpaid tax amount. If you do not pay your property tax within 60 days of the due date, the city may place a lien on your property.

How to Appeal Your Property Tax Assessment in Nashville

If you believe your property tax assessment is incorrect, you can file an appeal with the Davidson County Board of Equalization. The appeal must be filed within 30 days of the date of the assessment notice.

Property Tax Exemptions in Nashville

There are a number of property tax exemptions available in Nashville. These exemptions include:

• Homestead exemption: This exemption reduces the assessed value of your primary residence by $25,000.
• Senior citizen exemption: This exemption reduces the assessed value of your primary residence by $50,000 if you are 65 years of age or older.
• Disability exemption: This exemption reduces the assessed value of your primary residence by $50,000 if you are permanently disabled.

How to Apply for a Property Tax Exemption in Nashville

You can apply for a property tax exemption by filing an application with the Davidson County Assessor of Property's office. The application must be filed by April 1st of the year in which you are seeking the exemption.

Property Tax Nashville TN: Additional Resources

• Davidson County Trustee's website
• Davidson County Assessor of Property's website
• Tennessee Department of Revenue's website

Frequently Asked Questions about Property Tax in Nashville TN

1. What is the property tax rate in Nashville?

The property tax rate in Nashville is 2.45%.

2. When are property taxes due in Nashville?

Property taxes in Nashville are due twice a year, on February 28th and August 28th.

3. How can I pay my property tax in Nashville?

You can pay your property tax online, by mail, or in person.

4. What happens if I don't pay my property tax in Nashville?

If you do not pay your property tax by the due date, you will be charged a late penalty. The penalty is 10% of the unpaid tax amount. If you do not pay your property tax within 60 days of the due date, the city may place a lien on your property.

5. How can I appeal my property tax assessment in Nashville?

If you believe your property tax assessment is incorrect, you can file an appeal with the Davidson County Board of Equalization. The appeal must be filed within 30 days of the date of the assessment notice.

6. Are there any property tax exemptions available in Nashville?

Yes, there are a number of property tax exemptions available in Nashville. These exemptions include the homestead exemption, the senior citizen exemption, and the disability exemption.

7. How can I apply for a property tax exemption in Nashville?

You can apply for a property tax exemption by filing an application with the Davidson County Assessor of Property's office. The application must be filed by April 1st of the year in which you are seeking the exemption.

8. Where can I find more information about property tax in Nashville?

You can find more information about property tax in Nashville on the Davidson County Trustee's website, the Davidson County Assessor of Property's website, and the Tennessee Department of Revenue's website.

Tables

The following tables provide additional information about property tax in Nashville TN.