(901) 457-2213

Taxation

According to the “Office of Revenue Analysis for the District of Columbia” (2013), the State of Tennessee has the 3rd. lowest tax burden in the U.S. (7.7%). Tennessee has no personal or corporate income tax.

Tennessee’s low cost business environment has helped create economic development activity that is unrivaled by other states. Corporate expansion and relocation makes sense in an area that enables business to keep more of their hard earned profits.

Property Tax

Real Property Tax 40% of Assessed Value
Personal Property Tax 30% of Assessed Value
Town of Collierville Tax Rate   $1.78 per $100 of Assessed Value

* Town of Collierville taxes are 91% lower when compared to the City of Memphis ($3.40) and 8.4% lower versus the City of Germantown ($1.93).

Inventory Tax

  • No Tax on Finished Goods Inventory

Corporate Income Tax

  • Effective State Corporate Income Tax: None
  • State Excise Tax: 6.5% on Net Income from Business Conducted in TN

Personal Income Tax

  • Effective State Personal Income Tax: None
  • Interest and Dividends Income: 6%

Sales & Use Taxes

  • TOTAL: 9.75%
    • State – 7%
    • Local Option – 2.75%
    • Schools: 0.50% (Collierville)

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Town of DemoCollierville
    • Access Collierville

      John D. Duncan
      Director of Economic Development
      500 Poplar View Parkway
      Collierville, TN 38017

      901-457-2200 General
      901-457-2213 Direct
      901-457-9325 Cell