Tennessee Taxes

Tennessee has no “broad-based” income tax. The state does charge 6% on stock dividends and income earned from bonds and other investments. Real estate taxes are assessed at 25% of the market value. Salaries, wages, Social Security benefits, pension income and IRA distributions are not taxed in Tennessee . Residents over the age of 65 with a total income $16,200 or less are exempt from the taxes on dividend and interest.

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Sweetwater Population:  6,500 |  Percentage Age 45 or Better:  44%   |  Cost of Living:  24% Below U.S. Average  | Crime Rate:  Meets U.S. Average

130 Willow Creek Blvd., Sweetwater, Tennessee  37874

(423) 337-0582 

Age Restriction:  All ages but markets to retirees

Town homes and single family homes

Priced from $129,900

Tennessee Stats:

Population, year 2009 estimate - 6,346,105

Persons 65 years old and over, year 2009 - 13.4%

High school graduates, percent of persons age 25+, year 2000 - 81.8%

Bachelor's degree or higher, pct of persons age 25+, year 2000 - 22.4%

Persons of Hispanic or Latino origin, percent, year 2009 - 4.6%

White persons, not Hispanic, percent, year 2009 - 75.6%

Median household income, year 2008 - $41,715

Social Security taxed? No

Source: U.S. Census Bureau

 

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