Property Tax

Property Tax Payments

Tax payments are due annually by the last day of February and are accepted in person at City Hall, online or by phone. A one and one-half percent (1.5%) per month interest is assessed on late payments.

  • Real property is assessed at 25% of total market value.
  • Commercial property is assessed at 40% of total market value.
  • Personal property is assessed at 30% of total market value.
  • City Tax rate is $2.16 per $100 of assessed value.
  • Obion County tax rate inside City limit is $1.69 per $100 of assessed value.
  • Obion County tax rate outside City limit is $2.07 per $100 of assessed value.
How to Calculate your Tax Bill Example Calculations
Start with your property market value (property value) $100,000
Calculate assessed value (residential) x .25
(assessed value) = $25,000
Divide by $100 ÷ $100
= $250
Multiply by tax rate = $2.16
Taxes owed = $540.00
Round to the nearest whole number = $540.00
Total $540.00