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Palmyra
Palmyra
Tennessee
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Palmyra is an unincorporated community in Montgomery County, Tennessee. It is located along State Route 149, southwest of Clarksville. The town had its own post office until around 2010 when the post office was closed and mail service began to be handled out of nearby Clarksville. The zip code for Palmyra is 37142. Palmyra has a rich Civil War history with Major General Joseph Wheeler of the Confederate army took position on the Cumberland River in late January 1863. His plan was to disrupt Union ships going to Fort Donelson at Dover, a few miles west of Palmyra. Aware of Wheeler's intentions, the Union did not send any ships up or down the river, forcing Wheeler to attack Fort Donelson with his cavalry division. Wheeler was unable to take Fort Donelson and had to retreat after sustaining heavy losses. Palmyra was one vote away from being the state capital of Tennessee. The community is part of the Clarksville, TN–KY Metropolitan Statistical Area.

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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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