Southwest Tennessee Electric Membership Corporation contributes to our local economies in various ways: jobs, purchases and even taxes. Though your electric cooperative is a not-for-profit organization, we are still required to pay ad valorem taxes to the cities and counties we serve.
These tax-equivalent payments are based on STEMC’s power sales revenue and cooperative-owned property in each district. STEMC has been paying taxes since 1937 when its total tax bill was $2,227. Since those days, your electric cooperative has greatly expanded to bring power and opportunity to our local area. For the tax year 2019, STEMC has paid county taxes of $1,759,421.34.
STEMC is owned by the members we serve. We provide our rural communities the power to be more.
Haywood County Trustee Sonny Howse, left, receives STEMC’s ad valorem tax check from Vice President of Finance and Members Services Scott Sims.
