Are you currently searching for your first home in Middle Tennessee? If so, it’s essential that you formulate your budget differently than you have as a renter. In addition to the costs of your base mortgage payment, your interest payment, and property tax will also be due monthly.

Additional scheduled and unexpected costs like routine maintenance costs, repairs, and homeowners’ insurance must also be accounted for. Your true costs will be far different from a simple monthly repayment of the principal on your loan.

Today, we’re explaining everything you need to know about property taxes as a homeowner in Middle Tennessee. Let’s dive into rate calculation, payment rules, and the consequences of falling behind. Take a deep breath—you’ve got this!