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.