Taxes
Local Taxes
| City | County | |
| Property Taxes: Rate per $100 value Ratio of Assessment: Residential Industrial Personal (Equipment) (Inventory Tax) Raw Materials Only: Bonded Debt Assessed Valuation School Tax Sales Hotel-Motel Tax |
$1.45 25% 40% 30% $12,350,000 $204,460,375 0% 2.25% 0% |
$3.14 25% 40% 30% $41,536,900 $431,136,810 0% 2.25% 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



