Trenton, Tenn.— Gibson Electric Membership Corporation recently paid $1,581,459.04 in 2019 ad valorem taxes to the eight Northwest Tennessee it serves and $182,432.53 in property taxes to the state of Kentucky for the four Kentucky counties it serves. Locally, Gibson EMC paid $343,985.89 in ad valorem taxes to Obion County. The amount of taxes Gibson EMC paid was based on the assessed value of Gibson EMC’s infrastructure, including buildings, substations, transformers, poles and lines in the cooperative’s service area.
“As a local, private, not-for-profit, member-owned and member-controlled business, Gibson EMC’s board and management are pleased to see how the taxes our cooperative pays helps support our communities,” says Dan Rodamaker, Gibson EMC President and CEO. “Our ad valorem and property taxes help to fund our schools and important services like sheriff departments, ambulance departments, emergency management, fire prevention, senior citizens centers and much more. These uses align seamlessly with our mission – to enhance our members’ quality of life.”
Gibson EMC is an electric cooperative, owned and operated by its almost 39,000 members. The cooperative’s 3,500 miles of electric line stretch across Crockett, Dyer, Gibson, Haywood, Lake, Lauderdale, Madison and Obion counties in Tennessee and Carlisle, Fulton, Graves and Hickman counties in Kentucky.