Taxes

Local Taxes

Type of tax	City	County
Property Taxes: Rate per $100 value	$1.45	$1.45
Ratio of Assessment:
Residential	25%	25%
Industrial	40%	40%
Personal (Equipment)	30%	30%
(Inventory Tax) Raw Materials Only:
Bonded Debt	12,350,000	41,536,900
Assessed Valuation	204,460,375	431,136,810
School Tax	0%	0%
Sales	2.25%	2.25%
Hotel-Motel Tax	0%	7.0%

State Taxes

Sales Tax:
7% (6% for food and food ingredients for human consumption)

Personal Income Tax:
6% on Interest & Dividends

Corporate (Excise) Tax:
6.5% on Net Earnings

Franchise Tax:
.25¢ per $100 of Net Worth or Book Value of Property owned or userd in Tennessee

Unemployment Tax:
New Employers 2.7% of first $7,000

Other Helpful Links

Online Services

County Clerk Services
TN Drivers License Renewal

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