Taxes

Local Tax Structure

Type City County
Property tax
(per $100 value)		 $1.97 $2.15
Ratio of assessment:
Residential 25% 25%
Industrial 40% 40%
Personal (equipment) 30% 30%
Sales Tax: 9.75 (7% state tax, 2.75 local option tax)
Inventory Tax: None on finished goods
Payroll Tax: None

Source: Madison County Assessor's Office

For more information, visit the Tennessee Department of Revenue's Web site at www.Tennessee.gov/revenue.