The Town of Oneida and Scott County offer competitive tax rates for residents. Tennessee is one of only nine states without a state income tax, and the state constitution requires balanced budgets to prevent taxpayer debt from becoming overbearing.

According to the Tax Foundation, Tennessee's "Tax Freedom Day" in 2010 was April 1, the day when residents have earned enough money to pay off their total tax bill for the year. Of the nine states bordering Tennessee, only Mississippi had an earlier Tax Freedom Day in 2010 (March28). The remaining eight states had Tax Freedom Days on April 2 or later.

  • Oneida Property Tax: $1.00 per $100 assessed value
  • Scott County Property Tax: $2.22 per $100 assessed value ($2.545 for property owners inside the Oneida Special School District)
  • Sales Tax: 7% (state); 2.25% (local)
  • State Personal Tax: 6% on interest and dividends