Middle Tennessee Electric’s tax payment to Wilson County Trustee Jim Major was the largest tax payment he saw this year.
As has been the case for the past several years, MTEMC has been at the top of the list or close to it as one of the county’s highest taxpayers. This year, MTEMC’s tax payment was just ahead of Nashville Superspeedway.
The electric cooperative, which distributes power to virtually all of Wilson County, pays out ad valorem (Latin for “according to the value of”) taxes annually. The tax is based on the assessed value of MTEMC infrastructure — buildings, substations, transformers, poles, lines. This year’s ad valorem tax total for MTEMC in Wilson County was $1,123,076. In addition, tax payments were made to Lebanon for $52,260 and Watertown received $4,002.
The cooperative’s total ad valorem tax payout across its service area was approximately $4.3 million.
Middle Tennessee Electric serves approximately 180,000 residential and business customers in Cannon, DeKalb, Maury, Rutherford, Smith, Trousdale, Willamson and Wilson counties.