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| Tax Structure | Local | City | County | | Property Taxes | | (Rate per $100 value): | $ 0.37 | $ 2.48 | | Ratio of Assessment: | | Residential | 25% | 25% | | Industrial | 40% | 40% | | Personal (Equipment) | 30% | 30% | | Inventory Tax (Raw Materials Only): | | Bonded Debt | $19,084,183 | $65,095,000 | | Assessed Valuation | $518,930,553 | $1,631,271,070 | | School Tax | 0.43% | 0% | | Sales | 2.25% | 2.25% | | Hotel-Motel Tax | 2.0% | 5.0%
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| State | | Sales Tax - 7% | | 6% for food and food ingredients for human consumption | | Income Tax | - Personal - 6% on Interest and Dividends
- Corporate (Excise) - 6.5% on Net Earnings
- Franchise Tax - $0.25 per $100 of Net Worth or Book Value of Property owned or used in Tennessee
- Unemployment Tax - New Employers 2.7% of first $7,000
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Developed and Managed By:
Cedar City Group, LLC |