Posted on February 7, 2007 by Jeremy Floyd

Why East Tennessee is the Best Place to Retire: No Income Tax

East Tennessee is poised to be one of the great retirement destinations in the country because of the state's low taxation; mild climate (with four seasons); central location to nation's population; proximity to premium golf, shopping and recreation; cultural attractions; and availability of continuing education.  I am starting a category, Best Place to Retire, and over the course of a few posts, I will explain the benefits of East Tennessee living. If you want to read all of the posts in this category, click best place to retire.

No State Income Tax

East Tennessee has some of the lowest taxes in the country with no income tax, moderate sales tax, and low property tax. The state only taxes dividends and interest income, and it fairly taxes gasoline and tobacco. There is a statewide sales tax rate of 7%. As you see at this post, the property taxes on a million dollar home in Tralee are just $4,150 making Sevier county the lowest tax rate in the area.


Tax Image

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