Taxes & Incentives
|Local Tax Structure
|Property Taxes: Per $100 Value
|Ratio of Assessment
|Residential & Farm
|Commercial & Industrial
State Tax Structure
||5% tax on food and food ingredients; 7% on all other tangible personal property unless specifically exempted.
||6% on Interest and Dividends.
|Corporate Excise Tax:
||6.5% of Tennessee Taxable Income.
||0.25% of the greater of net worth or real and tangible property in Tennessee. The minimum Tax is $100.
||New Employers is 2.7% of the first $9,000.
Incentives are available from the State of Tennessee, TVA and the local industrial development board. Click on the links below to see the incentives from each entity:
Local incentives in the form of payment in lieu of tax agreements are available through the Shelbyville Industrial Development Board. These incentives are based on the level of investment and the number of jobs created.
State of Tennessee & TVA Incentives