Property Tax Rate per $100 value:
Hardeman County $2.26 plus, within the city limits
of:
Bolivar $1.1466
Grand Junction $.74
Hornsby $.2592
Middleton $.78
Toone $.48
Whiteville $.77
Ratio of assessment: (cities and county)
Residential 25%
Industrial 40%
Equipment 30%
Details on the following state-levied taxes
are available through the Tennessee
Department of Revenue - (800) 342-1003 or
www.tennessee.gov/revenue/
Sales tax: Tennessee (7%) plus county (2.75%)
Exemptions:
- Equipment associated with required capital investment
by a distribution or
warehouse facility, as long as total investment
in building and equipment
exceeds $10 million in not more than three years
- Industrial machinery and equipment
- Repairs to industrial machinery
- Air and water pollution prevention equipment
- Raw materials for processing
- Sales to religious, charitable, or educational
institutions
- Prescription drugs and gasoline
Credit:
- .5 percent paid on building materials, machinery,
and equipments for new or
expanded international, national or regional headquarters
making a minimum
$50 million investment in Tennessee
Franchise tax: .25 per $100 of capital properties
Corporate excise tax: 6.5% on net earnings
Unemployment tax: 2.7% of first
$7,000 for new employer’s first three years prior to re-evaluation
based on industry group
Details on business tax information are
available through The Hardeman County Clerk’s office - (731)
658-3541
Local business tax:
- Businesses are classified into four groups with
rates varying from 1/10 of 1% to 3/16 of 1% on gross revenues
(gross revenue minus collected sales tax)
- Some exemptions apply
Building permits are available through the
Zoning Office - (731) 658-5412
- $50 fee for permit to construct a building or
addition valued at or above $5000; $100 permit fee if the building/addition
involves more than 5,000 square feet of heated space
Payment in Lieu of Taxes (PILOT) options:
As of March 2008, Hardeman County enacted a PILOT that incentivizes new and existing industry on the basis of wage levels, capital investment, and number of jobs created. Please contact the Chamber of Commerce at 731-658-6554 for full details.
UTILITY RATES:
Electricity needs are serviced by three different TVA providers depending on the precise location within Hardeman County. The majority of the county is handled by Bolivar Energy Authority whose rates are published at:
www.bea-tn.com
The City of Middleton is serviced by Tippah Electric. Contact them at 866-298-1514.
For businesses and residents located in incorporated areas, contact the appropriate city hall for specific rate information. Natural gas and water are generally provided by the City of Bolivar, 731-658-2020
