How to Calculate Your Property Tax
Assessment is a Percentage of Appraisal Value:
Public Utility 55%
Personal Property 30%
In the state of Tennessee, residential property is assessed at 25% of its appraised value.
Using a $100,000 residential property as an example: 25% of $100,000 is $25,000
Collierville applies its tax rate to the assessed value in multiples of 100.
The current tax rate is $1.63 per $100 of assessed value.
To continue the example: $25,000/100=250
Town of Collierville taxes for the year are: 250 x $1.63 = $407.50
Residents of Collierville also pay Shelby County taxes. Visit the Shelby County Tax Assessors website for more information, including a searchable database that can find property sales data, ownership information on parcels in Collierville and more.