Property Taxes
Last Saturday, I kickstarted this year’s Budget Conversation series with help from Councilmember at Large Bob Mendes. Because it was our first conversation about the FY 22 budget, we stuck to explaining what is outlined in Mayor Cooper’s proposed budget, not what should be included. Below is a summary of our conversations. Highlights from the Mayor’s Budget GENERAL OVERVIEW OF THE BUDGET: Without a doubt, the past year has been extremely challenging to navigate for…
Read MoreYesterday, 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…
Read MoreLast 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…
Read MoreHappy 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…
Read MoreThere 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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