HonestCasa logoHonestCasa
All Tax Guides
Updated 2025 Tax Year

Tipton County
Property Tax Guide

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

10 Official Sources
8 min read
Calculate Your True CostMortgage Calculator
Quick Facts
Tax Rate
Varies by location - rural areas differ from cities like Atoka, Brighton, Covington, Millington, and Munford
Exemptions
4+ Available
Section 1

How Property Tax Works

Tipton County, Tennessee operates on a property tax system that funds essential county services, public schools, and various municipal services. Property taxes are the primary source of revenue for local government operations, including law enforcement, fire protection, road maintenance, and educational facilities. The county assesses properties at 25% of their appraised market value, which is the standard assessment ratio for Tennessee counties.

Property tax rates in Tipton County vary significantly depending on your specific location within the county due to different municipal boundaries and special taxing districts. Rural areas typically have different rates than incorporated cities like Atoka, Brighton, Covington, Drummer, Garland, Gilt Edge, Mason, Millington, and Munford. The effective tax rate generally ranges from approximately 0.85% to 1.5% of assessed value, though this can vary based on your property's location and applicable special assessments. Property owners should verify their specific tax rate with the Tipton County Assessor's Office, as rates are subject to annual budget adjustments and special district levies.

Section 2

What Makes Up Your Tax Bill

Based on available 2024 data (2025 rates pending official determination):

ComponentRate per $100Description
County General$0.45-$0.65Basic county services, administration
County Debt Service$0.10-$0.15County bond payments, capital projects
School District$0.25-$0.35Public education funding
Municipal Rate$0.00-$0.85City services (varies by municipality)
Special Districts$0.05-$0.20Fire districts, utility districts, road districts

Total Combined Rate Range: $0.85-$2.20 per $100 of assessed value

Note: Atoka's current rate is $0.85 per $100 as referenced in available data. Rates apply to the 2024 tax year and are subject to change for 2025. The Tennessee Comptroller's website should be consulted for the most current official rates when available.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Tipton 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 Tipton County are additional property tax bills issued when there are mid-year changes to property ownership, value, or exempt status. Common triggers include new construction completion, property ownership transfers, removal of exempt status, or significant property improvements that increase assessed value during the tax year.

When a supplemental tax is issued, it covers the period from the effective date of the change through the end of the current tax year. For example, if you complete a home addition in July that increases your assessed value by $50,000, you would receive a supplemental tax bill for the additional tax owed from July through December of that tax year. The calculation uses the same tax rate as your regular property tax bill, applied only to the increased assessed value for the remaining months of the tax year.

Supplemental tax notices are typically mailed within 30-60 days of the triggering event being recorded in county records. These taxes are due within 30 days of the bill date and are separate from your regular annual property tax payments.

Example Calculation

Example 1: $300,000 Home (County Rate: $1.20/$100)

  • Market Value: $300,000
  • Assessed Value (25%): $75,000
  • Less: Homestead Credit (if applied): -$7,500
  • Net Taxable Value: $67,500
  • Annual Tax ($1.20/$100): $810
  • Monthly Escrow: $67.50

Example 2: $600,000 Home (Municipal Rate: $1.85/$100)

  • Market Value: $600,000
  • Assessed Value (25%): $150,000
  • Less: Homestead Credit (if applied): -$15,000
  • Net Taxable Value: $135,000
  • Annual Tax ($1.85/$100): $2,497.50
  • Monthly Escrow: $208.13

Example 3: $1,000,000 Home (High District Rate: $2.20/$100)

  • Market Value: $1,000,000
  • Assessed Value (25%): $250,000
  • Less: Homestead Credit (if applied): -$25,000
  • Net Taxable Value: $225,000
  • Annual Tax ($2.20/$100): $4,950
  • Monthly Escrow: $412.50

Note: Tax credits shown require annual application and are not automatic. Actual rates vary by location within Tipton County.

See How Taxes Affect Your Payment

Property taxes are just part of your total monthly cost. Get the full picture.

Calculate Now
Section 5

Escrow & Property Taxes

Most mortgage lenders in Tipton County require borrowers to maintain an escrow account for property tax payments, especially when the loan-to-value ratio exceeds 80%. Your lender collects monthly property tax payments along with your mortgage payment and holds these funds in a separate escrow account. The lender then pays your property taxes directly to the Tipton County Trustee when taxes become due.

Property taxes in Tipton County are typically due in two installments, and your lender will make payments according to the county's schedule. Lenders are required to conduct annual escrow analyses to ensure adequate funds are collected. If property taxes increase due to reassessment or rate changes, your monthly escrow payment may be adjusted accordingly. You should receive an annual escrow statement showing all deposits, payments, and account activity.

If you pay property taxes directly (without escrow), you're responsible for ensuring timely payment to avoid penalties and potential tax lien issues. Lenders may require proof of direct tax payment and adequate insurance coverage to waive escrow requirements. Contact your mortgage servicer to discuss escrow waiver options and requirements.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Tipton County for the current fiscal year? A: Property tax schedules are typically mailed by February 1, with returns due March 1. Check with the Tipton County Trustee's office for specific due dates as payment schedules can vary.

Q: What tax credits are available and do they require applications? A: Tennessee offers property tax relief credits for qualifying homeowners, including elderly and disabled homeowner credits. These are TAX CREDITS that reduce your tax bill and require annual applications. Contact the Tipton County Assessor's office for specific credit programs and application requirements.

Q: How does the Homestead Credit work? A: The Homestead Credit limits annual assessment increases on your primary residence, typically capping growth at a certain percentage. This credit requires filing an application and does NOT reduce your property's market value - it limits how much your assessment can increase year-over-year.

Q: How often are properties reassessed in Tipton County? A: Tennessee requires property reappraisals at least every six years. Tipton County follows the state schedule for comprehensive reappraisals. Individual properties may be assessed more frequently due to improvements, sales, or other changes.

Q: What are the penalties for late property tax payments? A: Late payments typically incur interest and penalty charges. Contact the Tipton County Trustee's office for current penalty rates and payment grace periods.

Q: Can I pay my property taxes online? A: Many Tennessee counties offer online payment options. Check the Tipton County Trustee's website or contact their office directly for available payment methods and any associated convenience fees.

Q: How do special district taxes affect my bill? A: Special districts for services like fire protection, utilities, or road maintenance can add additional taxes to your bill. Your total rate depends on which districts serve your property location.

Q: How do I appeal my property assessment? A: Property owners can appeal assessments to the Tipton County Board of Equalization. Appeals typically must be filed within specific timeframes after assessment notices are mailed. Contact the County Assessor's office for appeal procedures and deadlines.

Verified Sources

Backed by 10 Official Government Sources

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

01
MEETING NOTICEatokatn.gov
02
Tax Doc
2024 Tennessee Property Taxescomptroller.tn.gov
03
Reappraisal Schedule - Tennessee Comptroller of the Treasurycomptroller.tn.gov
04
Tangible Personal Propertycomptroller.tn.gov
05
SBA Physical Deadline Approaching June 6 for ...sba.gov
06
County
Federal Disaster Assistance Through FEMA for Tipton Countycohen.house.gov
07
Tax Doc
Property Tax Relief - Tennessee Comptroller of the Treasurycomptroller.tn.gov
08
Exemptions - Tennessee Comptroller of the Treasurycomptroller.tn.gov
09
Board of Mayor and Aldermen Meeting Agendaatokatn.gov
10
november-2019-990-index.csvirs.gov
All sources verified as of 2025 Tax Year

See the Full Picture of Your Home Costs

Property taxes are just one piece of homeownership. HonestCasa helps you understand your total monthly cost and explore safe ways to access your home equity.

Total Monthly Cost

Mortgage + taxes + insurance + HOA

Equity Growth

Track how your equity grows over time

Safe Equity Access

Options for projects or debt payoff

Run Your ScenarioTry Calculator

Free • No credit check • 2-minute estimate