City of Lebanon Tax Structure
City of Lebanon 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%
|
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
