East Tennessee’s Low Cost Of Living
Tennessee has some of the lowest property taxes in the U.S. The median annual property tax paid by homeowners in Tennessee is just $1,024, ninth lowest in the country and less than half the national average. In addition, there is no state income tax in Tennessee.
Residents at Shiloh Springs, located in Grainger County, enjoy an amazing quality of life. Shiloh Springs is well maintained by a self-sustaining Homeowner’s Association, the completed infrastructure and amenities of Cherokee Lake provide endless opportunities for fun and relaxation and the nearby towns of Morristown, Pigeon Forge and Knoxville offer a phenomenal variety of dining and entertainment options. As important as all these things are, though, one of the best parts of living in Shiloh Springs is the incredibly low cost of living you’ll enjoy in this great part of the country.
Here’s a snapshot of how inexpensive it is to live in Shiloh Springs, a beautiful lake community in a beautiful part of the world:
Annual Homeowner’s Association Dues: $ per year
Property Tax Rate: According to Tax-Rates.org, the average property tax assessment in Grainger County is only 0.49% of a property’s assessed fair market value
Tennessee State Income Tax: $0 annually