Gibson Electric Membership Corporation recently paid $1,760,529 in 2020 ad valorem taxes to the eight Northwest Tennessee it serves and $191,134 in property taxes to the state of Kentucky for the four Kentucky counties it serves. Locally, Gibson EMC paid $303,918 in ad valorem taxes to Crockett 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 help support to our communities,” says Dan Rodamaker, President and CEO of Gibson EMC and Gibson Connect. “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 perfectly with our mission – to enhance our members’ quality of life.”
Gibson EMC is a local, not-for-profit, member-owned and member-controlled electric cooperative serving 39,000 homes and businesses in eight west Tennessee counties (Crockett, Dyer, Gibson, Haywood, Lake, Lauderdale, Obion and Madison) and four west Kentucky counties (Carlisle, Fulton, Graves and Hickman). Gibson Connect is a wholly-owned, not-for-profit subsidiary of Gibson EMC, working to provide high-speed, fiber-based broadband service access to the cooperative’s members.