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Weakley County Trustee

Personal Property Taxes

Personal property taxes are levied on business furnishings and equipment that you report to the Weakley County Assessor each year.

 

The Assessor furnishes a schedule to each business owner no later than February 1 of each year. Included on this schedule is a detailed list of all tangible personal property owned by the business. The Assessor determines the value of your personal property based on the information supplied.

 

It is the duty of the taxpayer to fully list tangible personal property, including other information required by the Assessor, to place a correct value on the property, and to sign and return the schedule prior to March 1, of the same year. If the schedule is not returned to the Assessor by the due date a forced assessment is given.

 

Anyone in business on January 1st of any given year is responsible for the entire year's tax, even if they ceased operations prior to December 31st of that same year.



Property Tax Calculators

Now you can calculate your own property taxes by using the property calculators below. Remember that if you are calculating taxes for a residential or commercial property within the city limits, you are also responsible for payment of city taxes. City tax payment amounts are not included in the calculated amounts below. For help calculating your city taxes, please call your local City Hall for resources and assistance.


The assessed value of property is a percentage of the appraised value. The percentage used is based on the property's classification:
► Residential = 25 %
► Commercial = 40 %
► Industrial = 40 %
► Personal = 30 %
► Farm = 25 %
Contact the Weakley County Assessor's Office for any questions on property classification.
Disclaimer: These tax calculators are for informational purposes only, please see the Weakley County Property Assessor to confirm exact tax amount.


Residential Property

$
_________
County Appraised Value $
Assessment Taxable Ratio 25.00%
Assessment Value
$
County Tax Rate 2.1302
Estimated Tax
[shown above in bold]


Commercial Property

$
_________
County Appraised Value $
Assessment Taxable Ratio 40.00%
Assessment Value
$
County Tax Rate 2.1302
Tax Due
[shown above in bold]