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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Smith County, Tennessee

Smith County has an effective property tax rate of 0.47%. On the median home value of $243,800, that's roughly $1,136 per year. Median household income is $66,293.

Effective Property Tax Rate1
0.47%
median tax $1,136 ÷ median home $243,800
Median Home Value1
$243,800
owner-occupied
Median Household Income1
$66,293
per-capita $33,386
Est. Annual Tax on Median Home1
$1,136
at 0.47% effective rate

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.

MetricSmith CountyTennessee (state context)
Effective property tax rate10.47%0.47%
Median home value1$243,800—
State income tax3No state income taxNo state income tax
State sales tax39.61% combined9.61% 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 Smith County, TN

Smith County's effective property tax rate of 0.466% sits just under Tennessee's statewide median of 0.467%, a near tie that still places the county below the state figure. Against the national median of 0.794%, the gap widens considerably, with Smith County taxing property at roughly three-fifths of the U.S. norm. That translates into a median annual real-estate tax bill of $1,136 on a median home value of $243,800, set against a median household income of $66,293. Within Tennessee, the county ranks 50th of 95 counties by rate, landing it squarely in the middle of the pack. Communities such as Riddleton, Brush Creek, and Chestnut Mound fall under this tax structure. The picture that emerges is a county whose property taxes track closely with its state peers while remaining well beneath what much of the country pays.

Frequently asked questions

What is the property tax rate in Smith County, TN?
The effective rate is 0.47% — meaning the median tax bill equals about 0.47% of the median home value.
How much are property taxes on a median home?
On the median home ($243,800), the estimated annual bill is about $1,136.
Is Smith County's rate high or low?
Compare it to the state median of 0.47% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Smith County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Smith County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.