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Home→Tools→Personal Property Value Estimator→Tennessee

What Are My Personal Items Worth for Probate in Tennessee?

Estimate the fair market value of household items for probate in Tennessee. See how reporting accurate values instead of purchase prices affects your probate fees.

Frequently Asked Questions

Personal property in Tennessee is valued at fair market value — what the item would sell for on the open market, not the original purchase price.T.C.A. §§ 30-4-101 (act name), 30-4-102 (definitions: $50K threshold in subsec (9); personal-property-only restriction in subsec (8); amended by HB0337/Public Ch. 297, eff. 4/28/2023), 30-4-103 (45-day waiting period, bond rules, no creditor notice), 30-2-306 (publication; 4-month bar from first publication), 30-2-307 (60-day actual-notice rule), 30-2-310 (12-month outer bar from death), 30-1-201 (bond), 30-2-301 (inventory), 30-2-601 (accounting waiver), 30-2-606/30-1-407 (compensation). Cross-verified against 2023 Public Chapter 297 (publications.tnsosfiles.com/acts/113/pub/pc0297.pdf) and Tennessee General Assembly HB0337 record.Verified May 27, 2026 Most household items (furniture, electronics, clothing) lose 50-90% of their value. Professional appraisals are used for art, collectibles, jewelry, and other high-value items.

Yes. Tennessee probate fees are typically 2-4% of the estate value, which includes personal property.T.C.A. §§ 30-4-101 (act name), 30-4-102 (definitions: $50K threshold in subsec (9); personal-property-only restriction in subsec (8); amended by HB0337/Public Ch. 297, eff. 4/28/2023), 30-4-103 (45-day waiting period, bond rules, no creditor notice), 30-2-306 (publication; 4-month bar from first publication), 30-2-307 (60-day actual-notice rule), 30-2-310 (12-month outer bar from death), 30-1-201 (bond), 30-2-301 (inventory), 30-2-601 (accounting waiver), 30-2-606/30-1-407 (compensation). Cross-verified against 2023 Public Chapter 297 (publications.tnsosfiles.com/acts/113/pub/pc0297.pdf) and Tennessee General Assembly HB0337 record.Verified May 27, 2026 Accurate fair market valuations — rather than purchase prices — keep the reported estate value lower. Use the Tennessee probate calculator to estimate total costs.

Estates with personal property under $50,000 in Tennessee may qualify for Small Estate Probate Act Petition, which avoids full probate.T.C.A. §§ 30-4-101 (act name), 30-4-102 (definitions: $50K threshold in subsec (9); personal-property-only restriction in subsec (8); amended by HB0337/Public Ch. 297, eff. 4/28/2023), 30-4-103 (45-day waiting period, bond rules, no creditor notice), 30-2-306 (publication; 4-month bar from first publication), 30-2-307 (60-day actual-notice rule), 30-2-310 (12-month outer bar from death), 30-1-201 (bond), 30-2-301 (inventory), 30-2-601 (accounting waiver), 30-2-606/30-1-407 (compensation). Cross-verified against 2023 Public Chapter 297 (publications.tnsosfiles.com/acts/113/pub/pc0297.pdf) and Tennessee General Assembly HB0337 record.Verified May 27, 2026 Accurate valuation at fair market value can determine whether the estate falls below this threshold. Check eligibility with the Tennessee probate need checker.

High-value items such as art, antiques, jewelry, and collectibles typically require professional appraisals. For typical household items — furniture, electronics, appliances, clothing — fair market value can be estimated using comparable sales data. Tennessee probate courts require the executor to file an inventory with values for all personal property.T.C.A. §§ 30-4-101 (act name), 30-4-102 (definitions: $50K threshold in subsec (9); personal-property-only restriction in subsec (8); amended by HB0337/Public Ch. 297, eff. 4/28/2023), 30-4-103 (45-day waiting period, bond rules, no creditor notice), 30-2-306 (publication; 4-month bar from first publication), 30-2-307 (60-day actual-notice rule), 30-2-310 (12-month outer bar from death), 30-1-201 (bond), 30-2-301 (inventory), 30-2-601 (accounting waiver), 30-2-606/30-1-407 (compensation). Cross-verified against 2023 Public Chapter 297 (publications.tnsosfiles.com/acts/113/pub/pc0297.pdf) and Tennessee General Assembly HB0337 record.Verified May 27, 2026

Total probate costs in Tennessee include attorney fees, executor fees, court filing fees, and publication costs. Personal property value is one component of the gross estate that determines fee calculations. The Tennessee probate calculator provides a complete cost breakdown.

Not necessarily. Items with named beneficiaries (life insurance, retirement accounts), jointly held property, and assets in a trust bypass probate. Only personal property owned solely by the deceased passes through probate in Tennessee. The Tennessee probate need checker determines which assets require probate.

Personal Property Valuation in Tennessee

Tennessee probate attorneys charge 2%T.C.A. §§ 30-2-606, 30-1-407 (reasonable compensation; no statutory percentage)Verified May 27, 2026 to 4%T.C.A. §§ 30-2-606, 30-1-407 (reasonable compensation; no statutory percentage)Verified May 27, 2026 of estate value as reasonable compensation. The personal property inventory contributes to that total, making accurate fair market valuations important for controlling costs.

Estates with personal property under $50,000T.C.A. §§ 30-4-101 (act name), 30-4-102 (definitions: $50K threshold in subsec (9)Verified May 27, 2026 in Tennessee may qualify for simplified procedures that avoid formal probate. Accurate valuation can determine whether the estate falls below this threshold. Check eligibility with the probate need checker.

Beyond the $275TCA § 8-21-401(c)(1) (PC 486 / HB487, 114th GA)Verified May 27, 2026 court filing fee, Tennessee probate costs include attorney fees, executor compensation, and publication expenses — all influenced by estate value. See a full estimate with the probate calculator.

SimplyTrustSimplyTrust Editorial·Updated May 27, 2026

Legal Sources

  • T.C.A. §§ 30-2-606, 30-1-407 (reasonable compensation; no statutory percentage)
  • T.C.A. §§ 30-4-101 (act name), 30-4-102 (definitions: $50K threshold in subsec (9)
  • TCA § 8-21-401(c)(1) (PC 486 / HB487, 114th GA)

Data sourced from Tennessee statutes and official state code. How we research.

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Tennessee Estate Planning Resources

In-depth guides covering Tennessee probate laws, trust requirements, and estate planning strategies.

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These estimates are based on general resale market data and insurance industry depreciation guides. They are approximations, not professional appraisals. Fair market value is what a willing buyer would pay on the open market. For high-value items or contested estates, consult a certified appraiser.

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