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| Tax Structure | Local | City | County | | Property Taxes | | (Rate per $100 value): | $ 0.3456 | $ 2.5004 | | Ratio of Assessment: | | Residential | 25% | 25% | | Industrial | 40% | 40% | | Personal (Equipment) | 30% | 30% | | Other Taxes: | | Lebanon Special School District Tax | $0.39 | | | Sales Tax | 2.25% | 2.25% | | Hotel-Motel Tax | 2.0% | 5.0%
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| State | | Sales Tax | 6% for food and food ingredients 7% on all other tangible personal property
unless specifically exempted | | Income Tax | - Personal - 6% on Interest and Dividends
exceeding $1,250 ($2,500 filing jointly)
- Excise - 6.5% of Tennessee taxable income
- Franchise Tax - $0.25 of the greater of net
worth or real and tangible property in Tennessee,
with a minimum tax of $100
- Unemployment Tax - New Employers 2.7%
of first $9,000, except construction, mining
and manufacturing
| | additional information can be found at www.tennessee.gov/revenue and www.doingbiz.org/Tax-Information |
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