There is no general income tax for the state of
Tennessee. However, there is an income tax on certain types of dividend
income. Residential homes are taxed at one fourth the appraised value.
Property Tax Rate: (Per $100 of 25% of Assessment)
Blount County: $2.36
There is a 6% state income tax for individuals on
interest and dividend income only. There is an annual exemption of $1,250.00 for
single and $2,500.00 for married taxpayers. This tax also exempts interest income
from banks on savings accounts, checking accounts, certificates of deposit,
etc. There are no other state or local individual taxes.