Tax Structure
Local
State
Sales Tax
| 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
- 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