Middle Tennessee Electric makes large tax payments to local governments
MTE provides more than electricity to the communities it serves.
As a not-for-profit electric cooperative, Middle Tennessee Electric (MTE) is exempt from certain types of taxes, but it is still one of the largest taxpayers to local governments through the ad valorem tax.
The Latin phrase ad valorem means “according to value.” MTE’s infrastructure, including buildings, substations, transformers, poles and lines, must be assessed annually to determine the amount of taxes to be paid. Local governments then use the revenue generated from the ad valorem tax for operations and programs to help meet the needs of the community’s residents.
This year, MTE paid more than $8.6 million total to local governments in its service area. The individual payments range from several thousand to millions of dollars, depending on the total amount of assessed property located in a particular county and to the cities within those counties.
“Middle Tennessee Electric is proud to contribute to the communities we serve for crucial programs like emergency response and road maintenance through ad valorem taxes,” said Chris Jones, MTE President/CEO.
Counties paid ad valorem taxes by MTE for the 2022 tax year include Cannon, DeKalb, Maury, Rutherford, Smith, Trousdale, Williamson and Wilson.
About Middle Tennessee Electric (MTE)
Founded in 1936, MTE is the largest electric cooperative in the Tennessee Valley Authority (TVA) region and the second largest in the United States, serving more than 750,000 Tennesseans via 325,000+ accounts covering nearly 2,200 square miles in 11 Middle Tennessee counties, primarily Rutherford, Cannon, Williamson and Wilson. Municipalities served include Murfreesboro, Franklin, Brentwood, Smyrna, La Vergne, Lebanon and Mt. Juliet. MTE employs 520 people in six local offices and its Murfreesboro headquarters.
MTE’s subsidiary, United Communications, is a nationally recognized broadband company with a fiber network spanning more than 3,600 route miles, providing high-speed internet to portions of Williamson, Rutherford, Marshall, Bedford, Franklin, Wilson and Davidson counties.