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Lower taxes

Is there state income tax in Tennessee?

Tennessee has no state income tax! Even Social Security is not taxed at the state level. Property Taxes are also very low by comparison to other states such as CA, IL, NY. Individuals who are 65 or older can apply for a property tax freeze so that their property taxes do not increase. Tennessee boasts the 6th lowest cost of living in the US. (worldpopulationreview; 2020) Businesses are relocating to Tennessee due to these factors as well. Businesses find that it is easy to attract top employees to the state. Sales tax is the main source of revenue for the state - 10% on goods and services. 

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