for sfr, what prop tax rate are you using?

[Steven Mitchell]

We are calculating 1.4%, is that accurate?

[Michael Seeker]

@Steven Mitchell - I wasn't expecting your question to be related to a city I'm familiar with, but just so happens it is.  I'm closing on my first rental property in Memphis on Monday and was actually a bit surprised to find the tax rate higher than expected on it.

My property is in the Midtown area and taxes are just shy of 2%.  Here's a site that I found tremendously helpful in deciphering the overly complicated tax situation here: http://memphis.about.com/od/midsouthliving/qt/propertytax.htm

For my property in Shelby Co, the rates end up being .85% for city taxes and 1.0925% for county taxes.  Rates will vary depending on location...