Clinton has taken the lead in Anderson County as the municipality hosting top tax revenue generators in the county.
A list of the “Top Ten” property tax payers in Anderson County was released by Anderson County Government Monday and even after adjusting “in-lieu of taxes” Clinton still houses significant tax generators thanks to the city’s manufacturing base.
“In reviewing a list of Anderson County’s largest taxpayers, manufacturing clearly dominates the rankings. Automotive manufacturers SL Tennessee, Aisin Automotive, Magna and the Department of Energy, and a privately owned, DOE-related facility are the county’s largest source of county property taxes,” said Anderson County Mayor Terry Frank.
Of 2016’s Top Ten taxpayers, Samlip (SL) Tennessee leads with $1,030,773, followed by the private LLC that owns the New Hope Center at the CNS Y-12 National Security Complex at $934,185, then automotive company Magna at $516,250 and Aisin Automotive at $424,851.
“If you add other significant sources of revenue considered in-lieu of taxes, DOE moves up in rank as the top taxpayer, followed by Aisin Automotive, SL Tennessee and Magna,” Frank said.
“Including in-lieu of tax payments made to Anderson County: DOE and the privately owned LLC that owns New Hope Center at the CNS Y-12 National Security Complex $1,564,741; Aisin Automotive $1,339,987; SL Tennessee $1,030,773; Magna $773,079.
“General Motors has equipment at Samlip (SL) Tennessee and Magna, and those tax payments of $253,992 are not figured into measuring their contributions and impact in Anderson County, but should be considered when assessing the top taxpayers,” said Frank.
In-lieu of taxes for 2016: Aisin $915,136; U.S. Department of Energy (DOE) $630,556; Magna $256,829; 3M Company $209,869.
According to data from Property Assessor John K Alley’s office and Trustee Rodney Archer’s office, listed in order are Anderson County’s top 10 property taxpayers for the 2016 tax year:
1. Samlip Tennessee – Part of SL America, the company is a leading global automotive supplier with manufacturing operations and product development, engineering and sales centers in 7 countries. Assessment Value: $37,361,701; Approximate tax bill: $1,030,773.
2. Oak Ridge Project (Y-12) - private LLC that owns property that includes the New Hope Center at the CNS Y-12 National Security Complex. The Y 12 National Security Complex is a premier manufacturing facility dedicated to making our nation and the world a safer place and plays a vital role in the Department of Energy’s Nuclear Security Enterprise. Assessment Value: $36,006,346; Approximate tax bill: $934,185.
3. Magna – Owner of Eagle Bend Manufacturing, Magna is a leading global automotive supplier with 305 manufacturing operations and 93 product development, engineering and sales centers in 29 countries. Assessment Value: $18,712,166; Approximate tax bill: $516,250.
4. Aisin Automotive: produces high-quality, functional engine components for some of the largest automotive manufacturers in the world, including Toyota, General Motors, Nissan, and Honda. Assessment Value: $15,399,275; Approximate tax bill: $424,851.
5. Summit Properties – locally owned firm that builds, manages & leases apartment complexes, convenience stores and industrial properties. Assessment Value: $13,439,260; Approximate tax bill $371,391.
6. R&R Properties: a locally owned firm that builds, leases, and manages commercial real estate. Assessment Value: $11,958,480. Approximate tax bill: $310,263.
7. Methodist Medical Center -- Methodist is a 301-bed regional medical center. Assessment Value: $11,308,320; Approximate tax bill $294,202.
8. Walmart -- Wal-Mart Stores, Inc., is an American retail corporation headquartered in Bentonville, Arkansas. Assessment value: $9,592,267; Approximate tax bill $258,013.
9. General Motors LLC – This company provides a range of automotive equipment for local manufacturing plants including SL Tennessee and Magna. Assessment Value: $9,206,260; Approximate tax bill $253,992.
10. Bellsouth – The telecommunications company provides data services, high-speed Internet service, Web hosting, paging, wireless, long-distance or traditional voice services, and employs 6,700 people in Tennessee. Assessment Value: $9,285,520; Approximate tax bill $250,946.
Anderson County’s current property tax rate is $2.7903. Link to Property Assessor John Alley’s office: http://acassessor.com/. Link to Anderson County Trustee Rodney Archer’s office: http://andersoncountytrustee.com/.