 |
|
Millington & Shelby County Population____________________________
*Population
decreases for the City of Millington were directly related to changes in the
military population assigned to the former Naval Air Station Memphis (NAS
Memphis). In 1993 the Base
Realignment and Closure Commission (BRAC Commission) realigned and downsized
NAS Memphis resulting in a significant reduction in the military population
within the City Limits and the transfer of approximately 1,900 acres of the
base to civilian use.
Millington & Shelby County Tax
Structure____________________
Property Tax
City
County
Rate Per $100 Valuation $1.23 $4.04Ratio of Assessment Residential 25% 25% Industrial 40% 40%
Personal Property 30%
30% Bonded
Debt
$0
$1.2 billion Assessed
Valuation
$119,905,640
$15,246,660,490 School
Tax
None None Sales
Tax
None
2.25% Hotel/Motel None 10%
Tennessee State Tax Structure________________________________
Sales
Tax
6% Income Tax -Personal 6% on Interest and Dividends Excise 6% on Net Earnings
Franchise 25
cents per $100 of Capital Property Unemployment Tax New Employers 2.7% of first $7,000
|
|||||||||||||||||
|
Memphis Metropolitan Demographics______________________________
|
|||||||||||||||||
|
Metro
Profile |
Human Resources |
||||||||||||||||