Tennessee real estate: buy or sell with a local AXEN agent
Tennessee has no state income tax on wages, the buyer usually pays the transfer tax, and sellers give a disclosure or, in some cases, a disclaimer. Here is what is the same everywhere in Tennessee, and our local guide for each city.
Tennessee cities we cover
Each guide covers the local neighborhoods, costs and rules for that city.
What every Tennessee buyer and seller should know
No wage income tax
Tennessee has no state income tax on wages.
Transfer tax
$0.37 per $100 of price, usually paid by the buyer.
Mortgage tax
A separate tax is charged on the new mortgage.
Disclosure or disclaimer
Sellers give a Residential Property Condition Disclosure or, in some cases, a disclaimer. Always get an inspection.
Title closings
A title company or attorney handles the closing.
Rural land
Outside town, test the well, inspect the septic and get a survey.
AXEN Realty in Tennessee
Every AXEN agent in Tennessee works under a licensed managing broker: Rick Jackson (license 266898). See every state on the state brokers page.
Buying? Start with the home buying guide and get pre-approved.
Selling? Read the home selling guide and get your home value.
Moving here? Read buying in a new state.
Tennessee real estate questions
What is the transfer tax in Tennessee?
Tennessee charges $0.37 per $100 of the sale price when the deed is recorded. The buyer usually pays it, plus a separate tax on the new mortgage.
Does Tennessee have a state income tax?
No. Tennessee has no state income tax on wages.
Do Tennessee sellers have to disclose problems?
Most sellers give a Residential Property Condition Disclosure. Some can give a disclaimer instead and sell as is, so always get your own inspection.
Does it cost anything to talk to an AXEN agent in Tennessee?
No. Talking with an AXEN agent about buying or selling in Tennessee is free.