Manufacturing


TAX STRUCTURE




Ratio of Assessment


  • Residential   25%
  • Industrial    40%
  • Personal (Equipment)    30%

    • Rate Per $100 Value


  • Sevier County    $ 1.54
  • Sevierville    $.31
  • Pigeon Forge    $ .1242
  • Gatlinburg    $ .1493


    • Hotel-Motel Tax


  • Sevier County   None
  • Sevierville    2%
  • Pigeon Forge    2-14%
  • Gatlinburg    3%

    • (Inventory Tax) Raw Materials Only


  • Bonded Debt   $ 92,050,000
  • Assessed Valuation    $ 3,187,477,187
  • School Tax    None
  • Sales Tax    2 ½ %


    • State Tax


  • Sales Tax  7%
  • Income Tax-Personal 6% on Interest & Dividends / Corporate (Excise) 6.5% Net Earnings
  • Franchise Tax   $.25 per $100 of Capital Properties
  • Sales Tax    2 ½ %


    • Unemployment Tax


  • New Employers  6.5% of First $7,000


    • Retail Sales by City - 2005


  • Sevierville                    *
  • Pigeon Forge    $ 777,583,220
  • Gatlinburg         $ 454,609,218

    • Retail Sales


  • 2002   $ 1,504,128,251
  • 2003   $ 1,606,808,194
  • 2004   $ 1,717,497,992
  • 2005   $ 1,866,984,826
  • 2006   $ 1,438,004,103 (Jan-Sept)


    • Lodging Revenue - 2005


  • Sevierville                    *
  • Pigeon Forge    $ 135,041,319
  • Gatlinburg         $ 138,886,000

    • Restaurant Revenue - 2005


  • Sevierville                    *
  • Pigeon Forge    $ 113,543,670
  • Gatlinburg         $ 94,912,000


    • * Sevierville Option Sales Tax Total Collection $ 23,238,549


    SEVIER COUNTY - SALES TAX COLLECTED
    MONTH
    2002
    2003
    2004
    2005
    2006
    Dec/Jan
    4,641,757.94
    4,726,111.97
    4,901,364.75
    5,218,992.39
    5,817,448.20
    Jan/Feb
    4,800,677.25
    4,883,321.69
    4,046,320.45
    5,534,103.39
    6,534,155.22
    Feb/Mar
    2,367,128.52
    2,488,532.29
    2,879,471.25
    3,058,824.30
    3,560,248.97
    Mar/April
    2,708,496.47
    2,636,377.27
    3,027,001.36
    3,367,278.00
    3,655,930.95
    April/May
    3,825,131.98
    3,678,831.84
    3,975,667.72
    4,461,078.70
    5,055,861.69
    May/June
    3,948,664.39
    4,215,994.37
    4,663,784.15
    4,761,669.44
    5,519,527.89
    June/July
    4,175,085.76
    4,216,642.30
    4,414,102.07
    4,873,882.28
    5,309,979.17
    July/Aug
    5,532,271.75
    5,589,457.50
    5,789443.85
    6,420,366.52
    7,219,329.52
    Aug/Sept
    6,089,373.11
    6,339,138.35
    6,761,758.08
    7,582,311.23
    8,086,951.22
    Sept/Oct
    4,927,980.75
    5,279,234.30
    5,160,837.91
    5,869,335.52
    5,842,469.75
    Oct/Nov
    4,597,082.84
    4,725,631.76
    5,149,379.00
    5,304,294.51
    5,978,101.61
    Nov/Dec
    5,428,659.33
    5,846,607.95
    6,227,701.52
    6,501,596.39
    6,944,267.32
    TOTALS
    53,042,310.09
    54,627,884.59
    56,998,836.11
    62,955,737.67
    69,526,277.51



    © 2007 Sevier County Economic Development Corp. All rights reserved