Property Tax & Income in Henry County, Tennessee
Henry County has an effective property tax rate of 0.44%. On the median home value of $160,200, that's roughly $705 per year. Median household income is $50,613.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Henry County | Tennessee (state context) |
|---|---|---|
| Effective property tax rate1 | 0.44% | 0.47% |
| Median home value1 | $160,200 | — |
| State income tax3 | No state income tax | No state income tax |
| State sales tax3 | 9.61% combined | 9.61% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Henry County, TN
Henry County’s effective property tax rate of 0.440% sits below Tennessee’s statewide median of 0.467%, placing it 62nd among the state’s 95 counties. That gap is slim, but it still means owners here pay less than what many other Tennesseans owe on comparable property. The contrast with the national median of 0.794% is far sharper — roughly four-tenths of a percentage point lower. On a median home value of $160,200, the annual real-estate tax bill comes to about $705. With median household income at $50,613 and per-capita income at $30,246, that levy absorbs a little over one percent of a typical household’s yearly earnings. Buchanan, Cottage Grove, and Henry anchor the county’s smaller communities. A rate this far under the national figure signals that property taxation here weighs less heavily on owners than in much of the country.