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Elora
Elora
Tennessee
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Elora is an unincorporated community in Lincoln County, Tennessee, United States. It lies approximately 16 miles (26 km) southeast of Fayetteville and 2 miles (3.2 km) north of the Alabama state line. It has a post office with zip code 37328. Elora is concentrated around the intersection of Tennessee State Route 121 and Tennessee State Route 122 (John Hunter Highway). SR 121 connects Elora to U.S. Route 64 and the Tims Ford Lake area to the north and Madison County, Alabama, to the southwest, while SR 122 connects Elora with Huntland to the east. Elora was originally known as Baxter Station, and was established as a stop along the Fayetteville and Decherd Branch Railroad in the 1850s.

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Taxes

B+

How did Tennessee earn the grade of B+? We examined the state taxes based on how age friendly they are. Tennessee has a state sales tax of 7.00%. Of particular interest is that Tennessee does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. Tennessee has an effective property tax rate of 0.75%. Weighing these taxes and other taxes most likely to impact the aging population is how Tennessee earned its state tax grade of B+.

Learn more about taxes in Tennessee

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