Property tax, transfer tax and closing costs in Tennessee

Tennessee: Realty transfer tax of $0.37 per $100 of consideration. Mortgage tax of $0.115 per $100 of indebtedness over $2,000. Buyer customarily pays both recordation taxes. County reappraisal on a four, five or six year cycle set by the county.

Reviewed October 15, 2026. Every line links its statute or official source.

What Tennessee sets

Transfer tax: Realty transfer tax of $0.37 per $100 of consideration. Mortgage tax of $0.115 per $100 of indebtedness over $2,000. Source: tn.gov
Who customarily pays: Buyer customarily pays both recordation taxes. Source: tn.gov
Local transfer taxes: Not stated. No official source confirmed this yet.
Reassessment cycle: County reappraisal on a four, five or six year cycle set by the county. Source: comptroller.tn.gov
Homestead and other exemptions: No general homestead exemption. Tax relief and tax freeze programs for elderly, disabled and veteran homeowners. Source: comptroller.tn.gov
Owner’s title policy: Not stated. No official source confirmed this yet.
How closings run: Attorney and title company closings are both common. Source: tn.gov
Survey: Not stated. No official source confirmed this yet.
Other closing customs: Not stated. No official source confirmed this yet.

Tennessee transfer tax on a $287,000 sale

State realty transfer taxbuyer pays$1,061.90$287,000 ÷ $100 = 2,870 units × $0.37 = $1,061.90

buyer pays: $1,061.90
Total transfer tax: $1,061.90

Statutory transfer taxes on a $287,000 sale, as of the reviewed date. Who pays is custom and contract outside the statute’s primary liability. Local taxes described above are not in this figure unless listed as a line. Recording fees, title and attorney charges are separate.

Open the Tennessee transfer tax calculator, with a link to share and an embed for your site.

Typical property tax in Tennessee

Median real-estate tax paid: $1,442 a year
Per month: $120
Median owner-occupied home value: $286,700
Effective rate they imply: 0.50%

Census American Community Survey five-year file, 2020-2024, tables B25103 and B25077, owner-occupied homes. The median bill rose 21% against the 2015-2019 file. An estimate for a typical home, not yours. Your bill depends on the parcel, its exemptions and the next reassessment.

For agents

Your buyers ask what closing costs in Tennessee and who pays. This page answers from the statute, with the date it was checked. Send it, or embed the calculator on your own site.

Ike lets a licensed real estate agent originate the mortgage on the deals they already close. Expected compensation is about 100 basis points per eligible funded loan once licensed and sponsored. Ike is preparing licenses state by state.

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One email when Tennessee rates, exemptions or transfer taxes change, and when the next reassessment lands.

Sources

Ike Mortgage LLC. NMLS ID pending. For licensing information, go to: www.nmlsconsumeraccess.org. Nothing on this page is a loan payment, rate, term or down payment, and nothing here is a Loan Estimate.