State Sales Tax: 7%
Local Sales Tax: 2.75%
County Wheel Tax: $65 per vehicle
Tax Rate - per $100 evaluation
| Within City Limits | Outside City Limits | |
|---|---|---|
| City General Fund | $2.40 | $0.00 |
| County General Fund | $2.97 | $2.97 |
| $5.37 | $2.97 |
| Cost of Home | Assessment Ratio(25%) | Combined City & County Taxes ($4.12) |
| $65,000 | $16,250 | $872.62 per year |
| $100,000 | $25,000 | $1,312.50 per year |
| $150,000 | $37,500 | $2,013.75 per year |
| $200,000 | $50,000 | $2,685.00 per year |
| $250,000 | $62,500 | $3,356.25 per year |
| $300,000 | $75,000 | $4,027.50 per year |
NOTE: There is NO State Tax on real property in Tennessee
Industrial & Commercial Real Property: 40%
Industrial & Commercial Tangible Personal Property: 30%
Residential and Farm Real Property: 25%
- Goods-in-process
- Finished goods inventories
- Goods-in-transit
123 S. Jefferson St., Ripley, TN 38063 | P: 731.635.9541 or 8463 F: 731.635.9064