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Tax Structure
| Local | Lebanon | Wilson County |
|---|---|---|
| Property Taxes: | - | - |
| Rate per $100 value | $0.6075 | $2.5704 |
| Lebanon Special School District$ | $0.3900 | - |
| Ratio of Assessment: | - | - |
| Residential & Farm | 25-% | 25% |
| Commercial/Industrial | 40% | 40% |
| Personal (Equipment) | 30% | 30% |
Local Sales Tax Rate: 2.25%
Income Tax:
- Personal: 6% on interest & dividends
- Corporate Excise Tax: 6.5% of Tennessee taxable income
- Franchise Tax: 25% of greater net worth or real tangible property in Tennessee. The minimum tax is $100.
- Unemployment Tax: New Employers 2.7% of first $9,000
State
Sales Tax:
- 5.25% tax on food and food ingredients; 7% on all other tangible personal property unless specifically exempted.
2016 Sales Tax Revenue
| 2016 | Sales Tax Revenue |
|---|---|
| January | $2,326,221.34 |
| February | $1,604,476.76 |
| March | $1,669,419.41 |
| April | $2,046,851.01 |
| May | $1,967,369.03 |
| 2015 | Sales Tax Revenue |
|---|---|
| January | $2,100,909.64 |
| February | $1,538,841.93 |
| March | $1,458,994.02 |
| April | $1,827,868.96 |
| May | $1,610,394.22 |
| June | $1,870,867.76 |
| July | $2,015,447.89 |
| August | $1,871,651.13 |
| September | $1,827,202.02 |
| October | $1,982,326.93 |
| November | $1,982,326.93 |
| December | $1,698,105.36 |
Local Option Sales Tax Revenue Collections
| City/County | 2014 | 2015 | % Change |
|---|---|---|---|
| Lebanon | $20,342,954 | $21,747,484 | 6.9% |
| Mt. Juliet | $15,846,075 | $17,710,972 | 11.8% |
| Watertown | $282,532 | $320,340 | 13.4% |
| Wilson County | $3,994,710 | $3,889,586 | -2.6% |