SPENCER VAN BUREN COUNTY 2020 COMMUNITY DATA PROFILE ck Pickett co Sullivan Macon Clay Claiborne Han Hawkins Stewart Montgomery Robertson Sumner Fentress Scott Campbell Johnson e Trousdale Jackson Overton Carter Obion Henry Union Lak Weakley ainger ashington Houston Gr W i Smith Hamblen Greene co Morgan Anderson Uni Dickson Nashville Putnam Cheatham Jefferson Dyer Davidson Wilson Knoxville Gibson Carroll Humphreys DeKalb Knox Cocke Benton White Cumberland n Williamson Rutherford Roane Sevier Crockett Hickman anno Van Loudon Blount Lauderdale C Warren Buren Haywood Madison Henderson atur Perry Maury Rhea Sequatchie Bledsoe Tipton Dec Lewis Bedford Coffee MeigsMcMinn Monroe Chester Grundy Marshall Moore Shelby Fayette Hardeman McNairy Hardin Wayne Lawrence Giles Lincoln Franklin Marion Hamilton Bradley Polk Memphis Chattanooga QUICK FACTS TAX STRUCTURE County Seat Spencer LOCAL City County Year Incorporated 1846 Property Taxes (2019) Land Area in Square Miles (County) 273 • Rate per $100 value $0.00 $2.31 Water Area in Square Miles (County) 1 Latitude N35° 44.85’ Longitude W85° 28.00’ Ratio of Assessment Elevation 1,820’ • Residential and Farm 25% 25% Market Region Cookeville • Commercial/Industrial 40% 40% Distance From Nashville 94 miles • Personal (Equipment) 30% 30% Distance From Chattanooga 60 miles Time Zone Central Total Local Assessment (2018) $0.00 $133,594,124 City Website None at this time Hotel-Motel Tax 7% 7% County Website www.vanburencountytn.com Motor Vehicle Tax Rate $0.00 Additional Incorporated Cities Source: Tennessee Comptroller of the Treasury, Division of Property Assessments within the County None Source: County Technical Assistance Service, UTIP Unincorporated Cities None POPULATION STATE City County Sales Tax 2010 (Census) 1,601 5,548 • 4% tax on food and food ingredients 2019 Population 1,584 5,694 • 7% on all other tangible personal property unless 2019 Median Age 46.3 47.0 specifically exempted 2024 Population Projection 1,578 5,765 Annual Growth Rate -0.08% 0.25% Local Sales Tax Rate (2019-2024 Projected) • 2.75% Source: ESRI Local and State Sales Tax Collected (FY2019) • $1,978,206 Income Tax CLIMATE • Personal: 2% on Interest & Dividends for the 2019 tax year • Corporate Excise Tax: 6.5% of Tennessee taxable income Annual Average Temperature 55.35° F • Franchise Tax: .25% of the greater of the Tennessee Average High Temperature 66.8° F portion of net worth or the book value of real and tangible Average Low Temperature 43.9° F Annual Average Precipitation 55.61” property in Tennessee. The minimum tax is $100 Annual Average Snowfall 0” • Unemployment Tax: New employers is typically 2.7% Prevailing Winds Southwest (based on occupation) of first $7,000 Mean Length of Freeze-Free Period (days) 180-220 Source: Tennessee Department of Revenue 2020 COMMUNITY DATA PROFILE EDUCATION TRANSPORTATION District Name Van Buren County AIR SERVICE Type of Public School System County Nearest General Aviation Upper Cumberland Regional District Grades Served Pre-K-12 (Sparta, TN) Number of Schools 2 Location Identifier SRB Number of Classroom Teachers 59 Number of Administrators 4 Distance from Spencer 28 miles Additional Teachers and Staff 14 Runway Length 6,005 feet and 6,705 feet Total Number of Students 720 Surface Asphalt GRADES (2018-2019) Lighting HIRL/PAPI Pre-K-5 314 Fuel 100LL/Jet A 6-12 406 Repairs Major Number of High School Graduates (2018-19) 58 Storage Hangar, Tie Down Graduation Rate 98.2% Transportation Taxi, Rental and Courtesy Car Educational Attainment with a Degree 16.7% Nearest Commercial Service Nashville International Airport (Adults Age 25+) Location Identifier BNA Source: Tennessee Department of Education Distance from Spencer 100 miles Nashville International Airport (BNA) serves approximately 16 million total REGIONAL HIGHER EDUCATIONAL INSTITUTIONS (within 30 miles) passengers annually. BNA is currently served by 15 airlines, including Graduates 2017-2018 international carriers Air Canada, WestJet and British Airways. BNA • Tennessee Technological Center McMinnville 98 offers 460 daily flights and provides nonstop air service to more than 65 • Motlow State Community College McMinnville 1,138 destinations. • Tennessee Tech University Cookeville 2,564 • Chattanooga State Comm. College Chattanooga 1,498 HIGHWAYS • TN College of Applied Technology Crossville 263 U.S. Highways Source: National Center for Education Statistics State Highways 30 & 111 Nearest Interstate 44 miles to I-24; 28 miles to I-40 FastTrack Job Training Assistance Program Available Yes COMMON CARRIERS Source: Tennessee Department of Economic and Community Development Air Freight Companies None Motor Freight Companies None Terminal Facilities None GOVERNMENT Bus Services Inter-City No GOVERNING BODY Local No City Mayor and Aldermen Carrier Service No (Greyhound, Cookeville, TN) Meets last Thursday of Month at 5:30 p.m. Municipal Building RAILROADS SERVED BY County Mayor and County Commissioners Caney Fork & Western and Nashville Eastern Railroad Meets quarterly at 6:00 p.m. Civic Center Building NAVIGABLE WATERWAYS River Tennessee River Channel Depth 11 feet Fire Department Nearest Port Facility Chattanooga • Full-time fire fighters in city 0 Miles from Port 60 • City volunteers 12 • Full-time fire fighters in county 0 • County volunteers 55 COMMUNICATIONS • Fire stations in city 1 Newspapers The Tennessean • City fire trucks 3 Chattanooga • Fire stations in county 6 Sparta Expositer • County fire trucks 10 Telephone Companies Ben Lomand Rural Telephone (includes tankers, rescue, truck, etc.) Coop. Radio Stations 7 local Law Enforcement Television Networks ABC, CBS, NBC, PBS • Full-time police officers in city 2 Cable Service Available Yes • Full-time police officers in county & sheriff 7 • City patrol cars 2 Channels 67 • County patrol cars 3 Provider Ben Lomand Connect and Charter Communications City County Internet Service Available Yes Insurance Rating 8 9 Provider Ben Lomand Connect and Zoning Regulations Yes No Charter Communications Planning Commission No Yes Fiber Optics Available Yes Industrial Development Corp. Yes No Provider Ben Lomand Connect and Charter Communications SPENCER-VAN BUREN COUNTY, TENNESSEE 2020 COMMUNITY DATA PROFILE COMMUNITY FACILITIES SELECTED ECONOMIC INDICATORS Health Care Recreation 2018 ANNUAL AVERAGES Doctors 2 Libraries 1 Labor Force County Labor Market Area* Dentists 1 Parks 2 Civilian Labor Force 2,050 77,000 Hospitals 0 Golf Courses 2 Employment 1,950 73,710 Beds 0 (Public & Private) Unemployment 100 3,290 Clinics 2 Swimming Pools 3 Unemployment Rate 4.7% 4.5% Nursing Homes 1 (Public & Private) Beds 70 * Labor Market Area is defined as Bledsoe, Cumberland, DeKalb, Country Clubs 0 Retirement Homes 0 Grundy, Sequatchie, Van Buren, Warren and White Counties in Theaters 0 Tennessee. Beds 0 Bowling Alleys 0 Residential Care/ 2019 EMPLOYED POPULATION (AGE 16+) BY INDUSTRY Assisted Living 0 Agriculture/Mining 4.4% Construction 6.6% Beds 0 Hotels & Motels 1 Rooms 19 Manufacturing 20.3% Full Service Pharmacy 1 Wholesale Trade 1.1% Bed & Breakfasts 0 Retail Trade 6.7% Religious Organizations Transportation/Utilities 5.9% Protestant 24 Largest Meeting Room Information 1.8% Catholic 0 Capacity 300 Finance/Insurance/Real Estate 8.1% Jehovah’s Witness 0 Services 38.7% Seventh Day Adventist 1 Restaurants 8 Public Administration 6.5% Latter Day Saints 1 Source: ESRI Other Other MANUFACTURING IN AREA (Annual Averages 2018) Fall Creek Falls (30 cabins); Number of Units 6 Day Care Centers 0 Rocky River Cabins (32); Final Ann. Avg. Employment 171 Day Care Homes 0 Touch Shopping Ann. Avg. Weekly Wage $942 Source: Tennessee Department of Labor and Workforce Development FINANCIAL INSTITUTIONS PER CAPITA PERSONAL INCOME Type of Institution # of Institutions # of Branches Deposits Year 2019 Commercial Banks 1 1 $41,620,000 Amount $22,976 Savings Institutions 0 0 Source: ESRI Credit Unions 0 0 MEDIAN HOUSEHOLD INCOME Total 1 1 Year 2019 Countywide Combined Deposits $41,620,000 Amount $44,211 (Deposits for June 30, 2019) Source: ESRI Source: Federal Deposit Insurance Corporation and National Credit Union Administration AVERAGE HOME SALES Year 2018 INDUSTRIAL SUPPORT SERVICES Number of Homes Sold 44 Service Location Distance (Miles) Average Cost $156,302 Source: Tennessee Housing Development Agency Tool & Die McMinnville Heat Treating Local RETAIL SALES Foundry McMinnville Year 2018 Heavy Hardware McMinnville Amount $15,683,448 Source: Tennessee Department of Revenue Sheet Metal McMinnville Lubricants Sparta NATURAL RESOURCES Welding Supplies Minerals: Crushed stone Abrasives Timber: Oak and Hickory Other: AGRICULTURAL Van Buren Co. Solid Waste Local Crops: Hay and tobacco Ray Hale Solid Waste Disposal Local Livestock: Cattle SPENCER-VAN BUREN COUNTY, TENNESSEE 2020 COMMUNITY DATA PROFILE UTILITIES ELECTRICITY Source Company Tennessee Valley Authority WATER LOCAL POWER COMPANY (City and County) Water Supplier Spencer Utility Department Caney Fork Electric Cooperative Phone 931.946.2351 General Manager William Rogers Source Spencer impounded reservoir and District Office Post Office Box 432 Caney Fork River 430 Spring Street Capacity 1,250,000 GPD Spencer, Tennessee 38585 Current Consumption 400,000 GPD Phone 931.946.7575 Storage Capacity 1,000,000 Gallons Outages 931.946.7579 Fax 931.946.7785 SEWER Website www.caneyforkec.com Sewer Provider Spencer Utility Department Phone 931.946.2351 Sequatchie Valley Electric Cooperative Type of Treatment President/CEO Robert Matheny Capacity 250,000 GPD Address Post