Taxes & Incentives

Oakland, Tennessee is a great place to live, work and do business. With low tax rates and great business incentives, Oakland is a place for your business to take root and thrive.  Tax incentives are available for a number of business types and sizes.  For more information about  business incentives in Oakland and Fayette County, contact your local Economic and Community Development base camp.

Tax Rates

Oakland has one of the lowest total property tax rates in the state of Tennessee. Click here to learn more. 

PILOT Program

Fayette County, Tennessee is committed to the promotion of high quality development in all parts of the County and to an ongoing improvement in the quality of life for its citizens. Insofar as these objectives are generally served by the enhancement and expansion of the local economy, the Fayette County Industrial Development Board will, on a case-by-case basis, give consideration to providing Payment-In-Lieu-of-Tax (PILOT) incentives as stimulation for economic development.

Click here to learn more about eligibility and application for the Fayette County PILOT Program. 


Melissa Rayner
TN Department of Economic and Community Development 
Business Development Consultant

Gwyn Fisher
TN Department of Economic and Community Development
Greater Memphis Regional Director

Oakland Regional Chamber
Executive Director


TN Dept. of Economic & Community Development

TVA - Economic Development