Rate Breakdown

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

How Property Tax Works in Marshall County

Property taxes in Marshall County are calculated based on the assessed value of your property and the local tax rate, often referred to as the millage rate. The Tennessee Constitution mandates that property is assessed at a percentage of its fair market value: 25% for residential and commercial property, and 40% for industrial property. The Marshall County Assessor of Property determines the market value of your real estate, which is then multiplied by the assessment ratio to establish the "assessed value." Once the assessed value is set, the Marshall County Commission and the municipal governing bodies set the tax rate (per $100 of assessed value) annually to fund local services like schools, roads, and public safety.

Available Exemptions

Tennessee offers several property tax relief programs designed to assist eligible homeowners. These programs are administered by the state and can significantly reduce your tax burden:

• Property Tax Relief Program: Available to low-income elderly residents (age 65 or older), as well as disabled homeowners, provided they meet specific income thresholds set annually by the state.
• Tax Freeze Program: Allows eligible senior citizens (age 65+) to "freeze" the tax amount on their primary residence at the base year amount, preventing future increases in taxes due to property reappraisals.
• Disabled Veterans Exemption: Provides tax relief for disabled veterans or their surviving spouses who meet the requirements established by the Tennessee Department of Veterans Services, typically requiring a 100% permanent service-connected disability rating.

Payment Schedule & Deadlines

Property taxes in Marshall County are due annually. Tax bills are typically mailed in mid-October. The deadline to pay your taxes without penalty is the last day of February of the following year. If payment is not received or postmarked by this date, interest and penalties begin to accrue starting March 1st. It is important to note that Marshall County does not typically offer installment plans for current-year property taxes; the full amount is due in a single payment. Failure to pay property taxes over an extended period can eventually lead to a tax lien being placed on the property and, in extreme cases, a tax sale to recover delinquent funds.

Appealing Your Assessment

If you believe the assessed value of your property is inaccurate or exceeds its fair market value, you have the right to appeal. The process begins with an informal review with the Marshall County Assessor of Property. If you remain dissatisfied after this meeting, you may file a formal appeal with the Marshall County Board of Equalization. This board meets annually to review property assessment disputes. To succeed in your appeal, you should provide evidence of value, such as recent appraisals, photographs of the property, or sales data of comparable homes in your immediate neighborhood. Decisions made by the County Board of Equalization can be further appealed to the Tennessee State Board of Equalization if necessary.