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Cost of Living

Cost of Living

Washington County has an exceptionally low cost of living, while still providing a high quality of life.

Taxes

Residential property tax rates in Washington County, Johnson City, and Jonesborough are well below the rates of neighboring Sullivan County, Kingsport, and Bristol.

Property Tax Rates (2014)

County City County Rate City Rate Total Rate
Washington $1.9798 $1.9798
Washington Johnson City $1.9798 $1.6200 $3.5998
Washington Jonesborough $1.9798 $1.3105 $3.2903
Sullivan $2.3054 $2.3054
Sullivan Kingsport $2.3054 $2.0700 $4.3754
Sullivan Bristol $2.3054 $2.2500 $4.5554

Personal and real property are taxed per $100 of the assessed value, and residential real estate is assessed at 25 percent.

Example

If you owned a residential property assessed at $200,000 in Johnson City…

Step 1: $200,000 / $100 = $2000

Step 2: $2000 x 25% = $500

Step 3: $500 x $3.5998 (Combined City-County Tax Rate) = $1799.90 Annual Property Tax Bill

If you owned a residential property assessed at $200,000 in Kingsport…

Step 1: $200,000 / $100 = $2000

Step 2: $2000 x 25% = $500

Step 3: $500 x $4.3754 (Combined City-County Tax Rate) = $2187.70 Annual Property Tax Bill

Cost of Living Comparitive Study

The Council for Community and Economic Research rated the Johnson City MSA as one of the top ten most affordable cities in the United States. The cost of living index in Johnson City is just 86.7% of the national average, proving that a dollar goes farther in Johnson City.

Composite Grocery Items Housing Utilities Transport Health Care Misc. Goods & Services Differences
Asheville, NC 101.3 102.9 99.6 120.9 95.6 100.5 98.1 14.4%
Augusta, GA 92.9 110.8 80.7 88.5 101.3 102.3 94.3 6.7%
Chattanooga, TN 89.3 95.4 82.8 77.9 98.6 92.0 92.8 2.9%
Clarksville, TN 87.5 86.7 78.5 85.2 89.7 94.8 94.7 0.9%
Greensboro, NC 89.4 102.1 78.3 87.0 85.4 110.7 93.7 3.0%
Greenville, SC 89.0 104.5 70.5 94.2 94.2 100.3 94.8 2.6%
Huntsville, AL 92.7 94.6 79.2 94.7 99.6 92.0 104.1 6.5%
Knoxville, TN 89.1 91.6 78.6 95.2 85.2 89.7 96.9 2.7%
Roanoke, VA 95.8 92.7 94.9 97.7 92.1 95.7 98.5 9.5%
Johnson City, TN 86.7 91.7 73.1 88.8 87.7 91.3 95.3 0.0%

 

(Source: http://www.thewcedc.com/living-here/cost-of-living/)

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