 |
Taxes
Local
Tax Structure
|
|
City
|
County
|
| Property
Tax (Rate per $100 assessed value) |
$0.79
|
$2.44
|
| Special
School District |
$0.37
|
0
|
Assessment Ratio
|
|
|
|
Residential
|
25%
|
25%
|
| Industrial |
40%
|
40%
|
| Personal |
30%
|
30%
|
Equipment
|
| Sales Tax |
2.75% (Local
Option |
|
| Inventory
Tax |
None on
finished goods |
|
| Payroll
Tax |
None |
|
State
Tax Structure
|
| Property
Tax |
None |
| Corporate
Excise Tax |
6% on net
earnings (for Tax Incentives and Exemptions, click
here) |
| Franchise
Tax |
$0.25 per
$100 on net worth or real book value of real and tangible personal
property |
| For more
detailed information about Taxes in Tennessee visit their website. |
|
|
