Middle Tennessee Electric pays $4.1 million in taxes to communities
MTEMC Lebanon District Office Supervisor Diane Cherry hands over a $1,058,827 check to Wilson County Trustee Jim Major. It was MTEMC’s annual ad valorem tax payment, which was the top payment to the county.
Middle Tennessee Electric’s 2008 tax payment was one of the largest in each of the primary counties it serves this year, as is typically the case.
The electric cooperative pays out ad valorem (“according to the value of”) taxes annually. The tax is based on the assessed value of MTEMC’s infrastructure — buildings, substations, transformers, poles, lines. The cooperative’s total ad valorem tax payout across its service area for 2008 was approximately $4.1 million.
The breakdown for each county looked like this…
Middle Tennessee Electric’s tax payment was Wilson County’s largest, just ahead of Nashville SuperSpeedway. MTEMC paid out $1,058,827 in total taxes to the county. In addition, tax payments were also made to Lebanon for $50,080 and to Watertown for $3,666.95.
MTEMC’s tax payment was Cannon County’s largest. The ad valorem tax total in the county was $191,888. Also, $21,191 was paid out to the city of Woodbury.
In Williamson County, Middle Tennessee Electric was seventh on the list of the county’s top taxpayers, paying out $1,086,325. In addition, tax payments were made out to the city of Brentwood for $12,321.46; Fairview received $7,708, and $48,639 was paid to Franklin.
In Rutherford County, Middle Tennessee Electric was the second highest taxpayer, behind Nissan. Middle Tennessee Electric’s Rutherford County ad valorem payout was $1,300,496. In addition, a check for $222,042 was made out to Murfreesboro, and Smyrna received $59,995.20.
Middle Tennessee Electric serves approximately 180,000 residential and business customers in Cannon, DeKalb, Maury, Rutherford, Smith, Trousdale, Williamson and Wilson counties.
Posted on March 10, 2009.
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