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Taxes & Incentives
State Sales Tax: 7%
Local Sales Tax: 2.75%
County Wheel Tax: $65 per vehicle

Tax Rate - per $100 evaluation
  Within
City Limits
Outside
City Limits
City General Fund $2.40 $0.00
County General Fund $2.97 $2.97
  $5.37 $2.97

Examples:

Cost of Home Assessment Ratio(25%) Combined City & County Taxes ($4.12)
$65,000 $16,250 $872.62 per year
$100,000 $25,000 $1,312.50 per year
$150,000 $37,500 $2,013.75 per year
$200,000 $50,000 $2,685.00 per year
$250,000 $62,500 $3,356.25 per year
$300,000 $75,000 $4,027.50 per year


NOTE: There is NO State Tax on real property in Tennessee

Assessment Ratios:

Industrial & Commercial Real Property: 40%
Industrial & Commercial Tangible Personal Property: 30%
Residential and Farm Real Property: 25%

Tax Exemptions:
- Goods-in-process
- Finished goods inventories
- Goods-in-transit
Lauderdale Chamber / Economic & Community Development, 123 S. Jefferson St., Ripley, TN 38063
731.635.9541 or 8463 (Ph), 731.635.9064 (fax), webmaster@lauderdalecountytn.org
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