Taxes

There are many different types of local and state taxes to keep in mind when you open your business. On this page, you will find a summary of the local taxes and where to go to find out more about the different state taxes.

  1. Local Taxes
  2. State Taxes
  3. More Information

Local Taxes

The City of Bristol Tennessee Finance Department is responsible for the collection of all revenue of the city including city property taxes, business taxes, and municipal fines. This office also oversees the billing process for utility services, such as water, sewer, and solid waste.

The Sullivan County Property Assessor's office is responsible for assessment of property and the Sullivan County Trustee's office is responsible for collection of county property taxes.

Municipal Property Tax

The 2018 rate is $2.1612 per $100 of assessed value. Commercial uses are assessed at a rate of 40%. Tangible Business Property is assessed at a rate of 30%. (Combined with the county rate of $255, the total property tax rate is $4.7112.)

County Property Tax

The 2018 rate is $2.55 per $100 of assessed value. Commercial uses are assessed at a rate of 40%. Tangible Business Property is assessed at a rate of 30%. (Combined with the city rate of $255, the total property tax rate is $4.7112.)

Municipal Sales Tax

The rate of Municipal Sales Tax is 2.25% (the state sales tax rate is 7%, for a total of 9.25%).

Municipal Hotel / Motel Tax

The Municipal Hotel / Motel Tax is 5% of the consideration charged by the operator.

Temporary Campgrounds Tax

The Temporary Campgrounds Tax is 5% of the consideration charged by the operator.