Property Tax & Income in Wayne County, Tennessee
Wayne County has an effective property tax rate of 0.49%. On the median home value of $130,700, that's roughly $635 per year. Median household income is $52,294.
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 | Wayne County | Tennessee (state context) |
|---|---|---|
| Effective property tax rate1 | 0.49% | 0.47% |
| Median home value1 | $130,700 | — |
| 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 Wayne County, TN
Wayne County offers homebuyers a rare combination of low prices and low taxes. The median home value sits at $130,700, and the annual property tax bill on that home comes to just $635, based on an effective rate of 0.486%. That rate edges past Tennessee's statewide median of 0.467%, and the county ranks 36th of 95 for property taxes within the state. Even so, it lands well below the national median of 0.794%. Households earning the median income of $52,294 would find the tax bill undemanding alongside other housing costs. Collinwood, the largest of the county's communities, along with Cypress Inn and Lutts, keeps buyers close to local amenities while stretching budgets further than many markets allow.