Memphis, TN — income, home value, property tax, and sales tax.
In ZIP code 38029, near Memphis, the county-level property tax rate sits at 0.97%, while the combined sales tax reaches 9.75%. A home priced at $200,000 would owe roughly $1,940 each year in property taxes. How that bill weighs on a household depends on earnings: a family bringing in $60,000 devotes about 3.2% of income to property taxes, a share that grows or shrinks as home values and wages shift. The sales tax adds further cost to everyday purchases, so buyers weighing a move here should consider both the tax rate and their income alongside any home price.