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Updated 2025 Tax Year

Marshall County
Property Tax Guide

Everything you need to know about property taxes in Marshall County, TN. Rates, due dates, exemptions, and how it affects your monthly payment.

6 Official Sources
8 min read
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Quick Facts
Tax Rate
$1.9687 per $100 of assessed value (may vary by special taxing districts)
Exemptions
5+ Available
Section 1

How Property Tax Works

Marshall County, Tennessee operates on a property tax system that funds essential local services including public schools, law enforcement, fire protection, road maintenance, and county government operations. Property taxes are the primary revenue source for these vital community services, with collections also distributed to other governmental entities within the county.

The property tax system in Marshall County is based on assessed property values, with the current combined tax rate set at $1.9687 per $100 of assessed value for the fiscal year beginning July 1, 2025. However, your actual tax rate may vary depending on your specific location within the county, as additional special taxing districts may apply to certain areas. Property owners should be aware that most tax credits and exemptions require formal application and are not automatically applied to your tax bill.

Section 2

What Makes Up Your Tax Bill

ComponentRate per $100Description
Base County Rate$1.9687Combined county and school district rate for FY 2025-2026
Special DistrictsVariesAdditional assessments may apply based on location

Note: The $1.9687 rate represents the combined property tax rate for Marshall County effective July 1, 2025. Individual property owners may face additional charges from special taxing districts such as utility districts, fire districts, or municipal service areas depending on their property's location. Contact the Marshall County Property Assessor's office to determine if any special district taxes apply to your specific property address.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Marshall County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Marshall County are additional property tax assessments that occur when there are changes to property ownership, improvements, or new construction that weren't included in the regular annual assessment. These taxes are calculated based on the difference between the old and new assessed values, prorated for the portion of the tax year remaining after the change occurs.

Common triggers for supplemental taxes include purchasing a home, completing major renovations or additions, new construction projects, or changes in property use classification. For example, if you purchase a home in Marshall County that was previously assessed at a lower value due to homestead credits that don't transfer to new owners, you may receive a supplemental tax bill for the difference in assessed value multiplied by the current tax rate, prorated from the date of ownership change through the end of the fiscal year.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (25% of market): $75,000
  • Less: Homestead Credit (if applicable): -$7,500
  • Net Taxable Value: $67,500
  • Annual Tax ($67,500 × $1.9687 ÷ $100): $1,329
  • Monthly Escrow: $111

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (25% of market): $150,000
  • Less: Homestead Credit (if applicable): -$7,500
  • Net Taxable Value: $142,500
  • Annual Tax ($142,500 × $1.9687 ÷ $100): $2,805
  • Monthly Escrow: $234

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (25% of market): $250,000
  • Less: Available Credits (if applicable): -$7,500
  • Net Taxable Value: $242,500
  • Annual Tax ($242,500 × $1.9687 ÷ $100): $4,774
  • Monthly Escrow: $398

Note: All tax credits require application and approval. Homestead credits typically cap assessment increases rather than providing dollar-for-dollar reductions.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Marshall County require property tax escrow accounts, where a portion of your monthly mortgage payment is set aside to pay property taxes when they become due. Your lender will estimate your annual property tax bill and divide it by 12 to determine your monthly escrow contribution. The lender typically maintains a cushion of 2-3 months of payments in the account to ensure sufficient funds are available when taxes are due.

Property tax payments from escrow accounts are typically made directly by your lender to Marshall County on your behalf. Lenders usually conduct an annual escrow analysis to adjust your monthly payment based on actual tax bills and any changes in assessed value. If you pay your own property taxes without escrow, you're responsible for making timely payments directly to the county to avoid penalties and interest charges. Always verify with your lender that tax payments have been made and properly credited to your property.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
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Section 6

Frequently Asked Questions

Q: When are property taxes due in Marshall County? A: Property tax payment schedules vary by county in Tennessee. Contact the Marshall County Trustee's office for specific due dates for the current fiscal year 2025-2026.

Q: What tax credits are available and how do I apply? A: Marshall County offers various tax credits that require application, including homestead credits for primary residences, elderly/disabled credits, and veteran credits. Contact the Marshall County Property Assessor's office for application forms and deadlines. These are NOT automatically applied.

Q: How does the homestead credit work? A: The homestead credit in Tennessee typically caps the annual increase in assessed value for your primary residence, usually limiting increases to a certain percentage (often 10%) per year. This requires filing an application with the Property Assessor's office and must be renewed periodically.

Q: When are properties reassessed in Marshall County? A: Tennessee conducts property reappraisals on rotating schedules. Contact the Marshall County Property Assessor to determine when your property was last appraised and when the next reappraisal cycle will occur.

Q: How do I appeal my property assessment? A: Property owners who disagree with their assessment can file an appeal with the Marshall County Board of Equalization within the specified timeframe after receiving their assessment notice. Contact the Property Assessor's office for appeal procedures and deadlines.

Q: What are the penalties for late property tax payments? A: Tennessee law allows counties to impose penalties and interest on late property tax payments. Contact the Marshall County Trustee's office for specific penalty rates and grace periods.

Q: Can I pay my property taxes online? A: Many Tennessee counties offer online payment options. Check the Marshall County Trustee's website or contact their office to determine available payment methods including online, phone, or in-person options.

Q: Do special district taxes apply to my property? A: Depending on your property's location within Marshall County, you may be subject to additional taxes from special districts such as utility districts or fire districts. These would appear as separate line items on your tax bill in addition to the base county rate of $1.9687 per $100 of assessed value.

Verified Sources

Backed by 6 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
County
marshall countymarshallcountytn.gov
02
County
County Assessment Info - Comptroller of the Treasury - TN.govcomptroller.tn.gov
03
Tax Doc
Property Tax & Proration Calculatorsmontgomerytn.gov
04
County
Marshall County, Tennesseecomptroller.tn.gov
05
County
Marshall County, Tennessee - Comptroller of the Treasurycomptroller.tn.gov
06
Tax Doc
How to Calculate Your Tax Billcomptroller.tn.gov
All sources verified as of 2025 Tax Year

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