Sales Tax Relief Available to Sevier County Residents: More Information Here

Inheritance Tax

Overview

Inheritance tax is imposed on the value of the decedent’s estate that exceeds the exemption amount applicable to the decedent’s year of death. The net estate is the fair market value of all assets, less any allowable deductions such as property passing to a surviving spouse, debts, and administrative expenses. The inheritance tax is paid out of the estate by the executor, administrator, or trustee.

The inheritance tax is no longer imposed after December 31, 2015.  Please DO NOT file for decedents with dates of death in 2016.