Tax Structure

Local

City County
Property Taxes
(Rate per $100 value): $ 0.6075 $ 2.5704
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%

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