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Relocation > Taxes

The following information is based on a commercial business having a tract of land valued at $240,000, a building value at $4,000,000 and personal property valued at $2,000,000. The 2010 tax rate for the City of Crossville is $0.55 per hundred of assessed value. The County rate is $1.425.

CITY OF CROSSVILLE CUMBERLAND COUNTY
$4,000,000 $4,000,000 Total Improvement Value
240,000 240,000 Total Land Value


$4,240,000 $4,240,000 Total Improvement and Land Value
x 40% x 40% Commercial Assessment of 40 Percent of Value


$1,696,000

x .0055

$1,696,000

x .01425

 Commercial Assessment 

2010 Tax Rate



$9,328.00

$24,168.00

Total Taxes for Land and Building

$2,000,000 $2,000,000 Total Personal Property Value
x 30% x 30% Personal Property Assessment of 30 Percent of Value


$600,000 $600,000 Total Personal Property Assessment

x .0055

x .01425

2010 Tax Rate


$3,300.00 $ 8,550.00 Total Taxes for Personal Property

$9,328.00 $24,168.00 County Taxes on Land and Building
$3,300.00 $8,550.00 County Taxes on Personal Property


$12,628.00 $32,718.00 Total Taxes for Real and Personal Property (Based on 2010 Rate)

The following information is based on a Residential House having a total land and building value of $150,000. The 2010 tax rate for the City of Crossville is $0.55 per hundred of assessed value.  The County rate is $1.425 per hundred of assessed value.

REAL PROPERTY COUNTY TAXES

$150,000 Total value of land and building
x 25% Residential Assessment at 25 percent of value

$37,500 Residential Assessment of land and building
x .01425 2010 Cumberland County Tax Rate of $1.425 per hundred of assessed value

$534.00 Total County Taxes for land and building based on 2010 Tax Rate

REAL PROPERTY CITY TAXES

 
$150,000

$37,500

Total value of land and building x 25% =

Residential Assessment of land and building

x .0055 2010 City of Crossville Tax Rate of $0.55 per hundred of assessed value

$206.25 Total City of Crossville Taxes for land and building based on 2010 Tax Rate

 

 

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Crossville-Cumberland County
Chamber of Commerce
34 South Main Street
Crossville, TN 38555
(931) 484-8444
1-877-GOLF-TN-1 (465-3861)