Taxes & Insurance in Collierville
The current Shelby County property tax rate carries a genuine, disclosed discrepancy this session -- two figures ($2.69 and $2.702382 per $100 of assessed value) were cited for what may be adjacent tax years but were not cleanly reconciled -- alongside Tennessee's zero state income tax and a real, high combined sales tax.
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Learn moreA real, unresolved discrepancy in the current Shelby County rate
One source states the 2026 Shelby County tax rate is $2.702382 per $100 of assessed value "for ALL Shelby County property owners." A separate source instead states the Tax Year 2027 rate is $2.702382, UP from a 2026 rate of $2.69 -- these two framings directly conflict on which figure applies to which year. Both are disclosed here as a genuine, unresolved discrepancy rather than resolved to one number; separately, Shelby County commissioners were reported approving a property tax INCREASE in mid-2026 amid a $1.6B county budget, consistent with the rate having moved upward within this general window. Confirm the current, exact rate directly with the Shelby County Trustee's office before budgeting a purchase.
Tennessee's zero state income tax, and Shelby County's high combined sales tax
Tennessee has never taxed wages or salaries, and the Hall Tax on interest and dividend income was fully repealed effective January 1, 2021 (see the Tennessee state record). Shelby County's combined sales tax is cited at 9.75% (7.0% state + 2.75% county) -- higher than the 9.25% cited for Knox County (Farragut), and among the higher combined sales tax rates in the country.
Tennessee's statewide homeowners insurance picture, plus real West Tennessee hazard context
Tennessee's statewide average homeowners insurance premium runs anywhere from roughly $2,706 to $4,220 per year depending on source and coverage level (see the Tennessee state record and the Farragut record built alongside this one). As a West Tennessee/Memphis-metro market, Collierville carries real Dixie Alley tornado exposure and sits within the broader New Madrid Seismic Zone's area of consequence (see climate) -- both genuine, relevant underwriting factors distinct from East Tennessee's Farragut, built alongside this record.
Key takeaways
- The current Shelby County property tax rate carries a genuine, disclosed discrepancy between two cited figures ($2.69 vs. $2.702382 per $100) for what may be adjacent tax years -- confirm directly with the Shelby County Trustee.
- Tennessee's zero state income tax applies fully; Shelby County's 9.75% combined sales tax runs higher than Knox County's 9.25% cited for Farragut.
- Tennessee's statewide homeowners insurance average carries a genuinely wide, disclosed spread ($2,706-$4,220/year depending on source).
- Collierville's real West Tennessee Dixie Alley tornado exposure and New Madrid Seismic Zone proximity are relevant underwriting factors distinct from East Tennessee's Farragut.
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