Economic Development
The Oak Ridge Chamber of Commerce, in conjunction with our allies at the City of Oak Ridge and the Tennessee Small Business Development Center, is committed to making "Doing Business Here" as seamless as possible. Our professional staff can assist you with everything from community data to incentive information to site selection. Please let us know how we can be of service to you.
Incentives & Taxes
Oak Ridge Property Taxes
The City of Oak Ridge Property Tax Rate is $2.32 per $100 assessed.
Anderson County Property Tax Rate is $2.46 per $100 assessed.
Roane County Property Tax Rate is $2.4526 per $100 assessed.
The City of Oak Ridge is in two Tennessee counties: Anderson and Roane. About 16% of the taxable real parcels are located in the Roane County section of Oak Ridge.
Note: Anderson and Roane County rates listed above apply ONLY to the property within the City of Oak Ridge limits.
RATIO OF ASSESSMENT
Residential 25%
Commercial 40%
Personal (Equipment) 30%
Sales Tax Rate for Oak Ridge is 9.75%
There is no income tax in the State of Tennessee
Location is key!
Infrastructure
Nestled in the heart of Tennessee, Oak Ridge boasts a strategic geographical advantage that sets it apart. With over 70% of the US marketplace within a day's drive, this vibrant city serves as a vital hub for businesses and travelers alike. The convergence of three major interstate highways, I-40, I-75, and I-81, creates a bustling junction that pulsates with activity. As vehicles zoom along these well-traveled routes, they connect Oak Ridge to the rest of the country, facilitating seamless transportation and commerce. Not only are the interstate highways a driving force, but the region is also crisscrossed by 11 federal highways, 16 state highways, and a network of meticulously maintained county roads. These connecting arteries form the lifeblood of the region, ensuring smooth access and fluid connectivity for residents, visitors, and businesses. Oak Ridge's strategic location and extensive road infrastructure make it an ideal destination for commerce, travel, and endless possibilities.
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![A large passenger jet is taking off from an airport runway at sunset.]()
Airport
ButtonMcGhee Tyson Airport, located 30 minutes from Oak Ridge, serves the East Tennessee region with five airlines making 120 flights daily and 22 non-stop destinations. Additionally, an Oak Ridge general aviation airport is in the planning phase.
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![A train is traveling down train tracks next to a river.]()
Rail
ButtonServiced by both Norfolk Southern and CSX, the city benefits from the extensive rail networks of these major railway systems. With its strategic location at the junction of significant east-west and north-south routes, Oak Ridge becomes a vital link in the transportation chain. The presence of intermodal transportation further enhances its connectivity, providing seamless transfers between different modes of transportation.
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![A large natural gas plant with a lot of chimneys and cooling towers.]()
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![An aerial view of a large ship in the middle of a large body of water at sunset.]()
Barge
ButtonOak Ridge is not only well-connected by rail but also by water. With a staggering 62 barge lines providing service in the region, the city benefits from a robust water transportation network. One of the highlights is the Tennessee Tombigbee Waterway, stretching for 234 miles and connecting an impressive 16,000 miles of waterways. This waterway serves as a crucial link, connecting Oak Ridge with 13 other states and providing access to the Gulf of Mexico.
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