Tax Structure
Local
CityCounty
Property Taxes
(Rate per $100 value):$ 0.37$ 2.48
Ratio of Assessment:
Residential25%25%
Industrial40%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 Tax0.43%0%
Sales2.25%2.25%
Hotel-Motel Tax2.0%5.0%

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
Developed and Managed By:
Cedar City Group, LLC