“Here we are at retirement age,
and it’s an investment for us to take
out of our retirement to build a
home here. We want to make sure it is
protected not only for us, but for our
children and grandchildren as well.”
Tennessee boasts over 250 lakes and reservoirs,
most of which were man-made. Nestled in the
Smoky Mountain foothills of Tennessee, Lake Tellico,
created by the Tennessee Valley Authority (TVA)
in the 1970s, is just a short drive from Knoxville.
The Tellico Dam created a navigable water system
connected by canals that enables long boating trips
and accessibility to 21 states.
Tennessee’s Watts Bar Lake was formed by the
TVA-built dam in 1939. The lake covers more than
39,000 acres and has 771 miles of shoreline. According
to Lynn and Lloyd Sparks of Dalton, GA, who built
a second home in Lakefront Estates on Watts Bar
Lake, “What’s really unique about Watts Bar is that
there about 64 miles in between dams. It’s a deep
lake, and you always have navigable water. You can
take the boat through the river to Chattanooga or to
Knoxville and dock your boat right at a restaurant.
Watts Bar Lake is such a big lake that, even on the
holidays, it’s not crowded.
“We will eventually retire to Lakefront Estates.
Here we are at retirement age, and it’s an investment
for us to take out of our retirement to build a home
here. We want to make sure it is protected not only
for us, but for our children and grandchildren as
well, and that is what you have here at Lakefront
Ramay Winchester of Retire Tennessee says, “The
number one reason people relocate to Tennessee
is that property taxes are significantly lower than
other states.” Tennessee has no state property tax.
Property taxes are locally determined and collected.
There are no state personal income taxes in Ten-
nessee either, and the average cost of living is 10
percent lower than the national average, including
low utility costs.
Winchester indicated that the mild four-season
climate draws a significant number of retirees. Cool
mountain breezes as well as verdant valleys and
lakes attract a great number of “half-backs,” those
who moved further south, but decided they wanted
to move halfway back to their original home. In
addition, many from the Northeast and Midwest
have made Tennessee their new home to escape
harsh winters and find a milder climate. |
ISTOCKPHOTO/ THINKS TOCK; DESIGN PICS/VALUELINE/THINKSTOCK