Tax Structure

Local Lebanon Wilson County
Property Taxes: - -
Rate per $100 value $0.3456 $2.5704
Lebanon Special School District$ $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%