Memphis (TN) Sales Tax
The Memphis sales tax rate is 9.75%
|Tennessee state sales tax||7.00%|
|Shelby County sales tax||2.25%|
|Combined Sales Tax||9.75%|
Memphis sales Tax Calculator Tennessee
To make it easier to calculate the Memphis (TN) Sales tax, we have created a calculator. All that you need to input is the zip code and the number of goods bought. The calculator will tell you how much you should approximately pay in sales tax. The tools are free to use and very simple.
How does the Memphis sales tax compare to the rest of Tennessee?
Each vendor in the USA needs to charge sales tax to the items and services that they sell. The Department of Revenue collects the sales tax proceeds from the vendors. The Memphis, TN sales tax rate is 9.75%. This includes 7.00% Tennessee state sales tax, 2.25% Shelby County sales tax and 0% special tax.
A merchant adds the sales tax to all the qualifying sales completed in Memphis, TN. The Memphis sales tax should be clearly stated on the invoice. There are some specific goods and services are tax-exempt in Memphis (Tennessee). Alcohol, tobacco and gas are subject to excise tax.
The 9.75% sales tax rate of the Memphis, TN applies to the following list of zip codes: 37501, 37544, 38101, 38103, 38104, 38105, 38106, 38107, 38108, 38109, 38111, 38112, 38113, 38114, 38115, 38116, 38117, 38118, 38119, 38120, 38122, 38124, 38126, 38127, 38128, 38130, 38131, 38132, 38134, 38136, 38137, 38141, 38152, 38157, 38161, 38166, 38167, 38168, 38173, 38174, 38175, 38177, 38181, 38182, 38186, 38187, 38188, 38190, 38193, 38197.
The vendor needs to check their district zip code to make sure that they are charging the right sales tax for the business transactions.
There are 469315 people in and around Memphis. It is important to be aware that zip-code boundaries do not always coincide with general boundaries. Therefore, when choosing sales tax rates, you should not focus only on zip-codes. In the event of a dispute, it is recommended that you contact the Internal Revenue Service to determine sales tax rates for you.
Alternative sales tax rate for Memphis
|City||Combined Tax||State Rate||County Tax||City Tax||Special Tax|
Popular questions about sales tax in Memphis
The sales tax varies by state, county, and city. Since each jurisdiction has its own applicable sales tax rate, it is difficult to keep track of the tax amount owed for various jurisdictions. Therefore, we have created a simple tool that makes all the necessary calculations for you. Using our free online Sales Tax Calculator will allow you to automatically figure out the sales tax amount owed. All that you must do is input the total sales amount and the zip code that you are completing the purchase. The site will list the total sales amount and the components of the sales tax. This means it will list the appropriate applicable state, county, local, and city taxes. This service is nice and simple to use.
Sales taxes are regulated by state and federal laws. Since states control the amount of sales tax that they charge locally, some others have decided to omit sales taxes at all to facilitate transactions. There are municipalities, or cities that can impose their taxes. As of right now, there are 5 states in the USA that do not charge a state sales tax. These states are Alaska, Montana, Oregon, Delaware, New Hampshire.
The sales tax is paid by the consumer to the business. The business then collects the sales taxes and pays them out to the Department Of Revenue. Sales taxes are paid on qualifying goods, otherwise known as taxable goods. Sales taxes also apply to taxable services. Not every product or service sold qualifies for sales taxes. Some are sales tax exempt.
On the category of sales exempt, there are various items and services. These depend on the type of business that is selling them and depends on the state. Various states have different rules when it comes to sales exempt items and services. Sales tax exempt are also businesses that are qualified as non-profit.
To get more information on sales taxes, you can check this link. You will get info about what should a business do to collect taxes, about the applicable laws that determine how a business pays sales taxes and how to determine the appropriate sales tax for a newly established business. It is imperative to know that the tax rate that a business charge depends on its nexus, otherwise known as a place of incorporation.
Some areas have very small sales taxes. Starting, we have Alaska, which has a sales tax of 1.76%. We need to be mindful that products and services are very expensive in Alaska. Moving on with the list, we have Oregon, Delaware, Montana, and New Hampshire that have a 0% sales tax rate. If you need information regarding the ranking of states based on sales taxes, you can check this page.
The first detail to know about sales taxes is that some states imposer the sale tax on the vendor, some to the buyer, and some states place sales taxes on both entities. It is important to know who pays the tax, as this affects whether you can claim the taxes as a refund or not.