County government · Hancock County, TN

Hancock County's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Hancock County took in $21.8 million and spent $25.7 million.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

State tax money68%Fees for services12%County taxes12%Local tax money3.9%Fines and other3.0%Federal tax money1.3%

What stands out

68%

of Hancock County's money comes from state tax money.A typical U.S. county of under 50,000 people gets 23%.

County taxes12%

Property tax
9.2%$2.0 million
Sales tax
1.9%$423 thousand
Other taxes
0.7%$162 thousand
What's in other taxesMotor vehicle licenses; other selective sales taxes and 4 more
  • Motor vehicle licenses$103 thousand
  • Other selective sales taxes$29 thousand
  • Occupation and business licenses$19 thousand
  • Alcoholic beverage taxes$6 thousand
  • Other licenses$3 thousand
  • Alcoholic beverage licenses$2 thousand

Amounts are by Census tax category.

Fees for services12%

Fees for services
12%$2.7 million
What's in fees for servicesOther service charges and other school charges
  • Other service charges$2.1 million
  • Other school charges$521 thousand

Amounts are by Census type of charge.

Federal tax money1.3%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
1.3%$290 thousand

State tax money68%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
68%$14.7 million

Local tax money3.9%

Money passed on by the county or other local governments.

From other local governments
3.9%$854 thousand

Fines and other3.0%

Interest, rents and other
2.5%$546 thousand
Fines
0.5%$113 thousand

Where it goes

Schools and colleges56%Health and hospitals15%Police, fire, courts and jails12%Roads, transit and parking7.2%Running the government and other costs6.2%All other spending3.8%

What stands out

56%

of Hancock County's spending goes to schools and colleges.Most U.S. counties of under 50,000 people spend nothing on this.

Spending by category100%

Schools and colleges
56%$14.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$14.4 million
Health and hospitals
15%$3.9 million
What's in health and hospitalsPublic health
  • Public health$3.9 million
Police, fire, courts and jails
12%$3.1 million
What's in police, fire, courts and jailsPrisons and jails; police and 1 more
  • Prisons and jails$1.7 million
  • Police$961 thousand
  • Courts and legal services$430 thousand
Roads, transit and parking
7.2%$1.9 million
What's in roads, transit and parkingRoads and highways and public transit
  • Roads and highways$1.6 million
  • Public transit$298 thousand
Running the government and other costs
6.2%$1.6 million
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 2 more
  • Finance, tax collection and budgeting$605 thousand
  • Central staff services (personnel, purchasing, technology)$428 thousand
  • Government buildings$299 thousand
  • Other and not broken out$260 thousand
Water, sewer, trash and utilities
1.5%$392 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$392 thousand
Interest on debt
1.5%$383 thousand
Parks, recreation and libraries
0.3%$80 thousand
What's in parks, recreation and librariesLibraries
  • Libraries$80 thousand
Sent to other local governments
0.3%$69 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$69 thousand
Environment and natural resources
0.3%$65 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$65 thousand
Sources and moreWhere these numbers come from and what they cover

Hancock County. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Hancock County itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.