LOCAL TAXES
Property Tax Rates (Rate Per $100 Value of Assessed Value)
Weakley County - 2.17
Dresden - 1.19
Gleason - 1.30
Greenfield - 1.25
Martin - 1.64
Sharon - 1.77
Residential Assessment Ratio: 25% of Appraised Value
Industrial Assessment Ratio: 40% of Appraised Value
Personal Assessment Ration: 30% of Appraised Value
Sales Tax 2.75%
STATE TAXES
Sales Tax - 7.0%
Income Tax - None
Corporate (Excise) - 6.0% of Net Earnings
Corporate Franchise Tax - $.25 per $100 of Capital Property
Corporate Unemployment Tax - 2.0% - First $7,000 in Wages
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