Real Estate Law in Tennessee

Tennessee does not require attorney involvement for closings. Attorney fees range $500-$1,300. Tennessee has a transfer tax (deed tax) of $0.37 per $100 of value. Property taxes are relatively low, averaging 0.64% of home value. Tennessee requires residential property condition disclosure statements. The state's real estate market is booming in Nashville, Chattanooga, and Knoxville with significant interstate migration. Tennessee has no state income tax (eliminated 2021), making it attractive for relocating homebuyers.