Memphis Has the Highest Tax Rates in Tennessee

| July 29, 2008
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"The highest effective property tax is found in Shelby County, reflecting the impact of an extremely high property tax rate in Memphis," the report's executive summary said. "Memphis has the highest combined county and city nominal tax rate in the state.

Total local taxes are regressive, since each of the three taxes (property tax, sales tax and wheel tax) is separately regressive. Regressivity refers to lower income persons paying a higher percent of their income for taxes than do higher income persons ..."

Read the rest of this post on Memphis taxes at SmartCityMemphis.

Comments (3)

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no more taxes!

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Posted by Tan Nguyen on 07/30/2008 at 1:52 AM

AND++THIS IS WHY EVERY OTHER HOME IS UP FOR SALE AND THE SURROUNDING BURBS ARE OVERCROWDED. WE'LL BE GETTING A STATE TAX SOON!

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Posted by Martha Stephens on 07/30/2008 at 1:00 PM

And just pray tell, where will you move? Arkansas has an income tax, Mississippi has an income tax, Missouri, Alabama and Kentucky all have an income tax. Texarkana, TX is gonna be a hell of a commute, especially with these gas prices!

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Posted by Steve Steffens on 07/30/2008 at 1:20 PM
Showing 1-3 of 3

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