Jefferson Park - a Southern Classic waterfront community and home of the newest YMCA. Walking trails, pool, open air pavilion, community marina with courtesy dock. KNOXVILLE, home of the University of Tennessee, sits on the banks of the Tennessee River and it is located between the Smoky Mountains and the Cumberland Plateau. Knoxville is a centrally located region for commerce and Tennessee has no income tax. Climate is temperate and has four distinct seasons.