Taxes in Morristown, Tennessee
Complete tax guide for Morristown, TN. No state income tax, 0.68% property tax, 7.34% sales tax. Calculate your total tax burden.
State Income Tax
None
Tennessee
Property Tax
0.68%
Effective rate
Sales Tax
7.34%
Combined rate
Tax Burden
Low
Morristown, TN Tax Overview
No state income tax; higher sales tax rate compensates
Population
30,133
Median Income
$50,700
Cost of Living
83.6 (100 = avg)
State Income Tax
None
Median Home Price
$262,000
Morristown Tax Calculator
Pre-filled with Morristown median: $50,700
Total Tax Burden in Morristown
$7,924
Take-Home: $42,776 · Effective Rate: 15.63%
Federal Tax
$4,046
7.98% eff.
TN State
$0
0.00% eff.
FICA
$3,879
7.65% eff.
Take-Home
$42,776
84.37% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $50,700.00 | $4,225.00 |
| Federal Income Tax | -$4,045.50 | -$337.13 |
| Tennessee State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$3,143.40 | -$261.95 |
| Medicare (1.45%) | -$735.15 | -$61.26 |
| Take-Home Pay | $42,775.95 | $3,564.66 |
Property Tax in Morristown
Median Home
$262,000
Annual Tax
$1,782
Monthly Tax
$148
Effective Rate
0.68%
Sales Tax in Morristown
Combined Rate
7.34%
State Portion
~4.8%
Local Portion
~2.5%
The combined sales tax rate in Morristown is 7.34%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.34 in sales tax.
Tax Burden Comparison
| Tax Type | Morristown | Tennessee Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 0.68% | ~0.68% | 1.1% |
| Sales Tax | 7.34% | ~7.34% | 7.12% |
| Overall Burden | Low | — | Moderate |
Tax Saving Tips for Morristown Residents
- Tennessee has no state income tax, meaning your income is only subject to federal taxes and FICA. Consider investing your tax savings into a Roth IRA for tax-free growth.
- Property tax in Morristown (0.68%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Morristown, TN?
Morristown, Tennessee has no state income tax. The property tax rate is 0.68% and the combined sales tax rate is 7.34%. No state income tax; higher sales tax rate compensates
How much is property tax in Morristown?
The effective property tax rate in Morristown is 0.68%. On the median home price of $262,000, this equals approximately $1,782 per year or $148 per month. This is below the national average of 1.1%.
What is the sales tax rate in Morristown?
The combined sales tax rate in Morristown is 7.34%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Morristown's tax burden compare to other cities?
Morristown has a low overall tax burden. The effective total tax rate for a median-income household is approximately 20.9%. The absence of state income tax significantly reduces the overall burden. Cost of living index is 83.6 (100 = national average).
Are there any local taxes in Morristown?
Morristown does not impose a separate local or city income tax. Residents pay no state income tax, federal income tax, and FICA (Social Security and Medicare). No state income tax; higher sales tax rate compensates