The Official City of Munford Website

 

Tipton County, Tennessee

 

Location

 

Natural Resources

 

Population

 

Agricultural Products

 

Tax Structure

 

Community Facilities

 

Transportation

 

Climate

 

Communications

 

Economic Indicators

 

Industrial Support Services

 

Energy

 

Finance

 

Utilities

 

Government

 

Largest Companies

Location

Mkt. Region:   Memphis

County: Tipton                                  Sq. Miles: 458

Distance from: (City) Memphis                Miles: 18

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Population

City

County

2000 (Census)..........

4,708

51,271

2003 (Estimates).......

5,249

54,184

% Nonwhite (2000 Census)

9

22

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Tax Structure

Local

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City

County

Property Tax

 

 

Rate per $100 value

$0.04

$2.85

Ratio of Assessment

 

 

Residential

25%

25%

Industrial

40%

40%

Personal (equipment)

30%

30%

(Inventory Tax) Raw Materials Only

Bonded Debt

$4,448,848

$41,987,089

Assessed Valuation

$47,467,420

$515,000,000

School Tax

$0.00

$0.00

Sales Tax

0.00%

2.25%

Hotel-Motel Tax

0.000%

0.50%

Personal (equipment)

30%

30%

State

Sales Tax

7% (for food and food ingrdients for human consumption)

Income Tax

 

Personal

6% on interest and dividends

Excise

6.5% of net earnings

Franchise

.25 per $100 of Capital Properties

Unemployment Tax

 

New Employers

2.7% of first $7000

Transportation

Railroads

Served by: Canadian National/Illinois Central

Highways

18 miles to access of Interstate 40

U.S. Highways

51

State Highways

206

Common Carriers

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Air Freight Companies

2

Motor Freight Companies

20 Terminal Facilities: 2

Bus Services - Inter-City

Yes

Local

No

Carrier Services

Yes

Navigable Waterway

River:

Mississippi

Channel Depth:

12

Nearest Port:

Tipton County

Miles:

14

Air Service

General Aviation/Distance

Covinton Municipal

Runway Lengths:

4,000’   Surface: Asphalt

Lighting:

MIRL/PAPI

Fuel:

100 LL/Jet A

Repair:

Minor

Transportation:

Taxi and Courtesy Car

Nearest Commercial Service:

Memphis International

Airlines Serving:

American

 

Delta

 

Continental

 

Northwest/KLM

 

Northwest Airlink

 

United Express

 

USAirways Express

 

American West

 

Air Tran

Daily Flights:

305

General Aviation/Distance

Millington Municipal Airport

Runway Lengths:

8,000’   Surface: Asphalt

Lighting:

HIRL/PAPI

Fuel:

100 LL/Jet A

Repair:

Major

Transportation: