Tennessee is consistently named one of the best states for doing business, and that is due in part to the tax structure. And not only do businesses like locating here, our residents enjoy living in one of the few states without a personal income tax.
There are various taxes collected at the city, county, and state level. For a description and information about taxes levied by the state, please refer to the State of Tennessee’s tax guides on their website. These taxes include sales and use taxes, excise tax, and franchise tax.
At the local level, the main taxes collected by the city and county are property taxes, special school district taxes, and the local option sales tax. Below are some key tax rates related to living and working in Humboldt, Tennessee.
Sales Tax
State of Tennessee 7% (4% for groceries)
Local Option 2.75%
Total Sales Tax 9.75% (6.75% for groceries)
Property taxes are based on an assessed value. That assessed value is a percentage of the appraised value based on the type of use. Assessment ratios are as follows:Residential and farm – 25%
Commercial and industrial – 40%
Public utility – 55%
Business personal property – 30%The tax rates listed for cities and counties is the amount paid per $100 of assessed value. For instance, a house appraised for $100,000 would have an assessed value of $25,000. If the tax rate is $4.00 per $100 of assessed value, the tax owed would be $1,000. ($4.00 x $25,000/$100)In Gibson County, property taxes are based on a county, city, and special school district (SSD) tax. There are four special school districts covering the entire county except Humboldt, which funds its schools through the city’s property tax. As you can see, outside the towns of Yorkville (one of the smallest in the county), Humboldt has the lowest total tax rate.
| CITY | SSD | COUNTY RATE | CITY RATE | SSD RATE | TOTAL |
| YORKVILLE | GIBSON CO SSD | $1.0184 | $0.6004 | $2.1415 | $3.7603 |
| HUMBOLDT | NONE | $1.0184 | $3.0400 (Includes City School Tax) |
$4.0584 | |
| GIBSON | GIBSON CO SSD | $1.0184 | $1.0000 | $2.1415 | $4.1599 |
| BRADFORD | BRADFORD SSD | $1.0184 | $1.6300 | $1.8200 | $4.4684 |
| MILAN | MILAN SSD | $1.0184 | $1.6022 | $1.8774 | $4.4980 |
| MEDINA | GIBSON CO SSD | $1.0184 | $1.5671 | $2.1415 | $4.7270 |
| TRENTON | TRENTON SSD | $1.0184 | $1.6100 | $2.1600 | $4.7884 |
| RUTHERFORD | GIBSON CO SSD | $1.0184 | $1.8100 | $2.1415 | $4.9699 |
| DYER | GIBSON CO SSD | $1.0184 | $1.8900 | $2.1415 | $5.0499 |
| KENTON | KENTON SSD/GIBSON CO SSD | $1.0184 | $1.5069 | $2.5456 | $5.0709 |
SSD = Special School District Tax