Property Taxes

Metro FY21 Budget- My Take on the Property Tax Increase

June 18, 2020 /
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Yesterday, Metro Council voted to increase property taxes by $1.06. I have received emails from some constituents who are upset about the raise. I understand the frustration. Nashvillians have been through a lot this year: from the tornado, to COVID-19,  to the loss of jobs, businesses and income, these past few months have tested this community. Therefore, the question that a lot of you must be wondering, if this year has been marked by such…

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Mayor Cooper’s FY 21 Budget-What you need to know!

April 29, 2020 /
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Last night Mayor Cooper presented highlights of the FY21 budget to the Council. While many cities and counties are feeling the impact of the COVID-19  virus, many can tap into their fund balance  (i.e. rainy day funds) to see them through. Unfortunately, Metro has no fund balance.  Below are highlights from the Mayor’s presentation on our current situation and the proposed path forward. Highlights from the Mayor’s Budget Issues Metro Finance was in a bad…

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Starting The Conversation About Property Taxes

January 14, 2020 /
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Happy New Year everyone. Wishing you and your family the very best in 2020 and always. This blog is a harder one for me to write. The budget process is scheduled to start in a couple of weeks and after the chaos and fall-out from last year’s budget crisis, it is imperative that we are prepared as we head into this year’s budget season. In order to avoid another crisis, we need to have some…

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Conversation About Property Taxes Part II- Understanding the Imbalance

January 14, 2020 /
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There are two factors that affect the property tax that a resident pays. The first component is the value of the property and the second component is the tax rate. If your property value goes up and the tax rate goes up, your taxes will be high. If your property value goes down and the tax rate goes down, your taxes will go down. However, while residents may know if the value of their house…

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