Rate Breakdown

Property taxes in Fayette County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Fayette County

Property tax in Fayette County is determined by a combination of the property's assessed value and the local tax rate, often referred to as the millage rate. The Fayette County Assessor of Property is responsible for identifying, listing, and valuing all taxable property. Residential property in Tennessee is assessed at 25% of its appraised market value. Once the assessed value is established, it is multiplied by the county’s tax rate—expressed as dollars per $100 of assessed value—to determine the total annual tax obligation. These rates are set by the Fayette County Commission to fund local services, including public schools, law enforcement, and infrastructure maintenance.

Available Exemptions

Tennessee offers several property tax relief programs designed to assist specific populations in managing their tax burden. Eligibility is generally based on age, income, and disability status. Key exemptions include:

• Property Tax Relief Program: Available to low-income elderly residents (65 and older), disabled homeowners, and disabled veterans. This program provides a reimbursement for a portion of the taxes paid on the primary residence.
• Tax Freeze Program: This program allows qualifying seniors (65 and older) to "freeze" the tax amount on their primary residence at the base year amount, preventing future increases in property taxes regardless of rising appraisals.
• Disabled Veteran Exemption: Tennessee provides a property tax exemption for disabled veterans (or their surviving spouses) who have a 100% service-connected disability.

Applicants must apply annually through the Trustee’s office and meet specific income and residency requirements to qualify.

Payment Schedule & Deadlines

Property taxes in Fayette County are due annually. Tax bills are typically mailed in the fall, and the deadline for payment is February 28th of the following year. It is important to note the following regarding payments:

• Timely Payment: Payments must be postmarked or received by the Fayette County Trustee’s office by the close of business on the deadline date to avoid penalties.
• Late Penalties: Taxes not paid by the deadline are considered delinquent. Beginning March 1st, interest and penalty charges accrue monthly, significantly increasing the total amount due.
• Partial Payments: While taxpayers are encouraged to pay in full, the Trustee’s office may accept partial payments throughout the year to help residents manage their financial obligations.

Appealing Your Assessment

If you believe your property’s appraised value is inaccurate, you have the right to appeal. The process begins with an informal review with the Fayette County Assessor’s office. If you are dissatisfied with the results of that review, you may file a formal appeal with the County Board of Equalization. This board meets annually to review property valuations. It is recommended that you provide evidence to support your claim, such as recent appraisals, sales data of comparable properties in your neighborhood, or documentation of structural issues that may decrease market value.