Why are property taxes so high in the 38125 and other areas?

Asked by Helen, Los Angeles relocating to Memphis Fri Apr 18, 2008

My family and I are looking to relocate to the Memphis Area. I noticed that the property taxes for one house that was selling for 189,000 had a 2007 property tax of a little over 3600. That seems somewhat high to me. I live in Los Angeles and my property taxes are approx 1600 a year. My neighbor who bought their house in the 70's pay only 724 per year. Also in the Memphis area are there places that have lower property taxes? I was thinking that in retirement we don't want to pay 300 per month on property taxes. Lastly is there somewhere in the country that has lower property taxes or if you are 65 or older you don't have to pay taxes?

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Michelle Dos…, , Germantown, TN
Fri Apr 18, 2008
Hello Helen in LA!
As a former resident of San Clemente, I agree with you 100%. However, don't forget there is no TN state income tax which is a definite plus. We also do not have personal property taxes.
Yes, buying in Memphis proper versus the outlying communities in Shelby, Tipton, and Fayette counties does increase your taxes. If street lights and sidewalks are a priority then Memphis city is for you. As for commuting to and from Memphis, nothing here compares to I-5. You can travel from the Mississippi River to the far east portion of Shelby county in less than 45 minutes.
Regarding taxes if you are 65 and older, I do not have any recent information but I do have link from my website under area information to our TN website. Hope this information has proved helpful.
Web Reference:  http://www.DoscherTeam.com
1 vote
Joyce Medlin, Agent, Bartlett, TN
Mon Apr 21, 2008
Hi Helen, if I were you, I would consider Fayette County......either north (Eads, Oakland) or south (Piperton, Rossville). Those are the areas we know of people really enjoying their retirement (friends, colleagues, clients). I haven't heard of anyone we know of going to Tipton County, so I can't speak to that.....but that doesn't mean that area doesn't have something to offer. By the way, for a neat offer if you're relocating, please visit http://www.danstewartrealtors.com/relocation. If you'd like some more info about Memphis (dining, shopping, etc), you might want to check out http://www.danstewartrealtors.com/about_memphis. On that page, you'll find info about Memphis, TN being selected by AARP as one of five "great places to retire" (2006). If you go to http://www.danstewartrealtors.com/about_memphis2, you'll see a 2007 report (CNNMoney.com) that names Memphis as the #1 housing market, based on affordability. This was part of a larger survey on the best places to retire (Memphis was cited as a hot spot). Good luck and please contact me at 901-486-2923 if you have any questions.
0 votes
Joe Spake, Agent, Memphis, TN
Fri Apr 18, 2008
City + County taxes (if you live inside Memphis City Limits) are twice as much as county alone. Each municipality within the county has its own tax (but not nearly as high a rate as memphis). Memphis has continued to annex and the city is sprawling. So for lower taxes in Shelby County, get outside the memphis City Limits, move to Mississippi or another county. There is discussion of legislation to freeze taxes for seniors but I do not know the status in the state legislature.
Web Reference:  http://www.spake.com
0 votes
Neal Masters, Agent, Atoka, TN
Fri Apr 18, 2008
You would be amazed at how much lower the taxes are in Tipton County (which is the next county above Shelby county). Shelby has some of the highest taxes in the state. For just a short drive you can reduce what the tax would be on the same priced home. Also if you can stay in the unincorporated part of the county, you are only paying county tax and not county/city tax. If you go to NealMasters.com, you can look up some homes in Tipton county. For zip code, use 38004,38011,38058,38023.There is also a link to the various school information sites at the same site. If you are still having a problem, I would be glad to send you some listings of houses in those area.
Web Reference:  http://www.NealMasters.com
0 votes
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