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Overview

The services provided by Knox County (the County) are made available as a result of revenues collected.

By far, the greatest amount of revenue received is from property taxes. The assessed value of property is established by the Property Assessor. The County Commission approves the property tax rate based on the needs presented in the budget.

Taxes for the 2014 fiscal year are levied at a rate of $2.36 per $100 of assessed value. The 2014 tax rate is divided between General Government and the Schools as follows:

Amount:
% of Total Levy
General Government:
General Fund
$0.97
41.10%
Debt Service Fund
$0.31
13.14%
General Purpose School Fund
$1.08
45.76%
Total Tax Levy
$2.36
100.00%

These taxes are collected by the Trustee's Office.

After property taxes, the second largest revenue source is the State of Tennessee. These may be reimbursements for taxes paid on alcohol, or funds to repair roads, provide health services for the needy, support the schools, etc. These funds are forwarded by the state to various offices in the county, receipted in the Finance Department and banked through the Trustee's Office - as are all revenues.

The remaining revenues (about 12% of the total) are received from a variety of sources.

Debt Administration

At June 30, 2013 the County and the Board had the following debt amounts outstanding:

The County
The Board
Total
Bonded Debt
$374,464,500
$257,151,985
$631,616,485

The County maintains and AA+ bond rating by Standard and Poor’s and an Aa1 Rating by Moody's Investor Services.

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Finance

City County Building
400 Main Street
Suite 630
Knoxville, TN 37902

Phone: 865-215-2350
Fax: 865-215-2352
Job Line: 865-215-2313
TTY: 865-215-2497
Hours:
Monday - Friday
8:00 am - 4:30 pm
Department Email