Local Taxes

Sales Tax*
City of Morristown - 2.75%
Hamblen County - 2.5%

*In addition to state sales tax of 7% (5.5% on eligible grocery items)

Property Taxes

City of Morristown
Residential - $1.22 per $100*
Commercial/Industrial Real Property - $1.22 per $100*
Commercial/Industrial Personal Property - $1.22 per $100*

Hamblen County (Within City Limits)
Residential - $1.94 per $100*
Commercial/Industrial Real Property - $1.94 per $100*
Commercial/Industrial Personal Property - $1.94 per $100*

Hamblen County (Outside City Limits)
Residential - $2.20 per $100*
Commercial/Industrial Real Property - $2.20 per $100
Commercial/Industrial Personal Property - $2.20 per $100

*Ratio of Assessment
Residential - 25% of assessed value
Commercial/Industrial Real Property - 40% of assessed value
Commercial/Industrial Personal Property - 30% of assessed value

Personal Income Tax

No local income tax on personal income.

State Taxes

Personal Income Tax

No state income tax on wages or salaries. However, certain dividend and interest income received by a Tennessee resident is taxable.

Tennessee State Taxes and Incentives