Local Taxes

Property Tax

McMinn County has the 3rd lowest property tax rate in the State of Tennessee out of 95 counties while remaining the only debt free county in the State of Tennessee.

Property tax is levied on both real and personal property at the following rates:

McMinn County

$1.5469/$100 of assessed value

City of Athens

$1.2676/$100 of assessed value

City of Etowah

$1.77/$100 of assessed value

 Assessment ratios for real and personal industrial and commercial property are:

  • Industrial  and commercial real property = 40% of appraised value
  • Industrial and commercial tangible personal property = 30% of appraised value
  • Utility real and personal property =  55% of appraised value
  • Residential and agricultural property = 25%

Personal property depreciates at favorable rate of up to 12% per year, depending on the type of tangible personal property.

No property tax on goods-in-process, finished goods inventories, and goods-in-transit (Freeport).

Sales Tax

McMinn County has a sales tax rate of 2%.