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The assessment ratio is 40% of the value times the jurisdiction's tax rate. [13] Since January 1, 2016, Tennessee has had no inheritance tax. [14] While the sales tax remains the main source of state government funding, property taxes are the primary source of revenue for local governments. [13]
The Department collects about 87 percent of total state revenue. During the 2018 fiscal year, it collected $14.5 billion in state taxes and fees and more than $2.8 billion in taxes and fees for local governments. [2] The Department is led by Commissioner David Gerregano. [3]
Knoxville retailers reported $6.47 billion in sales in 2007, with just over $35,000 of retail sales per capita. [95] Knoxville's primary retail corridor is located along Kingston Pike in West Knoxville. This area is home to West Town Mall, the 358-acre Turkey Creek complex (half is in Knoxville and half is Farragut), and over 30 shopping ...
The council also looked at adding to the city's housing stock and letting renters have their own Airbnbs.
Knoxville gives developers a break to make their new high-rise near Neyland Drive a reality. The 300 units will help the city's housing shortage. Tax deal means new addition to Knoxville's skyline ...
The highest sales tax in Washington is on liquor. The spirits sales tax is 20.5% of the value of the product purchased [216] and a $3.7708 per liter spirits liter tax is assessed on spirits sold to consumers. [217] 1 April 2008 saw tax increases in King County (+.001), Kittitas County (+.003), Mason County (+.001), and the city of Union Gap ...
Goss told Knox News the project wouldn't be possible without the payment in lieu of taxes approved by the Knoxville City Council on July 9. Vintage Cal will pay: $28,374.39 annually for the ...
In June, Haslam signed bills that eliminated the state's gift tax and reduced the state's inheritance tax and the sales tax on groceries. [43] He also signed the "Fast Track" bill, which provided cash grants to companies seeking to expand or relocate to Tennessee. [44]