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Residents of Memphis have an average tax burden of 6.30%. This value is based off a combined estimate of state plus local sales, auto and property taxes.
In 2017 local taxes alone in this city were 2.25% and Memphis was sadly ranked #9 for tax burdens on large American cities.
The estimated population of Memphis City, Tennessee is 646,889 with 291,883 of those people taking residence in 250,344 housing units. Memphis has around 96,047 housing units that are owned with a mortgage or a loan, 33,851 that are owned free and clear and 120,446 that are renter occupied.
Review active property listings that are eligible for USDA loans in Memphis.
According to a compilation of city rankings, the city of Memphis is ranked overall as number 487 in the nation. Memphis, Tennessee is also ranked poorly at number 475 for the economy and number 472 for socio-demographics.
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