Tennessee does not levy inheritance or estate taxes, and its property taxes are some of the lowest in the country. The average effective property tax rate is 0.58%, lower than the national average ...

Tennessee ranks second for its economic outlook in an annual analysis of the fiscal health of the 50 states. The 18th annual ...

Another significant benefit for retirees in Tennessee is the lack of estate or inheritance taxes. For individuals concerned about transferring wealth to their heirs, Tennessee’s tax policies ...

An inheritance tax is a levy potentially paid by the recipient of assets inherited from a deceased individual. Just five states have an inheritance tax as of 2025. An inheritance tax is a tax ...

The Tennessee House of Representatives has passed ... but also the alternative minimum tax, the inheritance tax, the gift tax ...

The state has no income tax or estate/inheritance tax. Tennessee also received the top mark for its minimum wage, which is at the federal level of $7.25 an hour. Tennessee's high sales tax rate ...