RUTHERFORD COUNTY, TN - 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.
Locally, $5,172,923 was paid to Rutherford County and the municipalities within the county. Rutherford County received $3,817,507. In addition to the county payment, the following cities and towns received payments: Murfreesboro, $1,237,283; Eagleville, $2,588; La Vergne, $23,544; Smyrna, $92,001.
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.
“Middle Tennessee Electric is proud to support vital programs and services in our communities through ad valorem tax payments,” said Chris Jones, MTE President/CEO.
MTE’s subsidiary, United Communications, is a nationally recognized broadband company with a fiber network spanning more than 3,800 route miles, providing high-speed internet and phone services to portions of Bedford, Davidson, Franklin, Giles, Lincoln, Marshall, Maury, Moore, Rutherford, Williamson, and Wilson counties.
- For more information, please visit www.mte.com.
