Nashville has some great attractions and of course the moniker Music City sort of makes it easy for those outside of Nashville to know what the attractions are. What most don't know is that Nashville has some advantages that other cities do not, advantages for retirees specifically. Did you know that as a senior citizen, if your income level is under a certain amount you may be able to freeze the property tax due on your primary residence? It's true. In 2007 the income cut off was $35,390. Yes, interesting to say the least.
This does not mean as a senior citizen you do not pay property taxes at all. It means that you will not be subject to increases in your property tax due to reassessments.
In addition the state of Tennesee does not tax your earned income only dividends and interest. This has its advantages and disadvantages but I will save that for a future blog.
Interesting Article on TN Seniors Website
MSN - 10 Great Tax Havens for Retirees - Including Nashville
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