Homeowners in Prospect, Tennessee paid a median $742 a year in property tax on a median home worth $154,800, an effective rate of about 0.48% (Census 2020–2024).
0.42%Giles County overall
Prospect vs county, state and US
Effective rate
Median tax paid per year
Tax on a home in Prospect
At the local 0.48% effective rate
| Home value | Estimated yearly tax | Per month |
|---|---|---|
| $150,000 | $719 | $60 |
| $250,000 | $1,198 | $100 |
| $350,000 | $1,678 | $140 |
| $500,000 | $2,397 | $200 |
Buying a home in Giles County? 2026 loan limits
Nearby and related
- Giles County property taxcounty overview
- Tennessee property tax by countyranked
- Pulaski, TN0.51% effective
- Ardmore, TN0.51% effective
- Minor Hill, TN0.50% effective
- Lynnville, TN0.52% effective
- Cost of living in Tennesseeprices & rents
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, tables B25103 (median real estate taxes paid), B25077 (median home value), B25003, B25088, B19013 and B01003. These are 2020–2024 medians reported by owner-occupants, not 2026 tax bills or official mill rates. The effective rate here is median tax ÷ median home value. Actual bills depend on assessed value, exemptions (homestead, senior, veteran) and local levies. Check with your county assessor or treasurer. Not tax advice.
Frequently asked questions
What is the property tax rate in Prospect, Tennessee?
Homeowners in Prospect, Tennessee paid a median $742 a year in property tax on a median home worth $154,800, an effective rate of about 0.48% (Census 2020–2024).
How much is property tax on a $250,000 home in Prospect?
About $1,198 a year at the 0.48% median effective rate. Exemptions such as homestead can lower it.
Is property tax in Prospect higher than the rest of Tennessee?
Prospect ranks #114 lowest of 262 Tennessee places we track. The statewide effective rate is 0.50%. Giles County overall is 0.42%.