MTEMC makes Cannon tax payment
Monday, March 11, 2013 4:15 pm
Middle Tennessee Electric’s 2012 tax payment was one of the largest in each of the primary counties it serves.
The electric cooperative pays out ad valorem (“according to the value of”) taxes annually. The tax is based on the assessed value of Middle Tennessee Electric’s infrastructure — buildings, substations, transformers, poles, lines.
The cooperative’s total ad valorem tax payout across its service area for 2012 was approximately $4.9 million.
MTEMC’s tax payment was the largest in Wilson County. MTEMC paid out $1,263,656 in total taxes to the county. In addition, tax payments were also made to Lebanonfor $59,677; Mt. Julietreceived $6,697, and Watertownwas paid $6,670.
MTEMC’s tax payment was Cannon County’s largest. The ad valorem tax total in the county was $220,087. Also, $20,733 was paid out to the city of Woodbury.
In Williamson County, Middle Tennessee Electric was fifth on the list of the county’s top taxpayers, paying out $1,368,224. In addition, tax payments were made to the city of Brentwoodfor $12,795; Fairview received $10,338, and $50,527 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 $1,518,236. In addition, a check for $258,301 was made out to Murfreesboroand Smyrnareceived $65,847.