The average sale price of a home in Nashville was $314,000 last month. The assessed value is 25% of the appraised value, which would make the average assessment $78,500 with an additional tax increase of $785 per year.
Posted on 04/28/2020 5:42:38 PM PDT by Bommer
Nashville Mayor Cooper today filed the city’s recommended operating budget for fiscal year 2021 with the Metro Council.
Metro Finance estimates that the city will experience a $470 million revenue decline over a 16-month time frame due to the impact of COVID-19 and the March tornado. The decline in revenue during Q4 of fiscal year 2020 required Metro to cut expenditures and spend down remaining fund balances, leaving Metro with only $12 million of fund balances at the end of FY20.
(Excerpt) Read more at breaking911.com ...
Same thing was said about $1.00 in the Tennessean. They translated it out in whatever that means as a calculation point into what it would cost in actual dollars for property owners.
NASHVILLE, Tenn. (WZTV) — Nashville Mayor John Cooper presented his budget for the Fiscal Year 2021 to members of Metro Council Tuesday afternoon, reflecting a $1.00 property tax increase. The increase raises the current rate of $3.155 up to $4.155.
Looks like they forget some zeros in there should be 1,000.00 if the increase figures they show are correct.
Hey y’all in Tennessee...these aren’t your grandparents’ democrats you are voting for.
Since gas prices are so low he might as well raise the gas tax too.
I hate these gdamn parasites. They need to be strung up from lamp posts.
We live in New Jersey and we are already being raped.
They state the rate as dollars but it’s dollars per $100, so it’s really a percent.
And it’s on the assessed value which is 25% of the appraised value.
So they are talking about raising it from $3.155 to $4.155.
So if you had a $200,000 home, you would owe 2077.50 up from $1,477.50.
I’m outside of Nashville so doesn’t affect me and I don’t get to vote for mayor.
We haven’t elected a Republican Mayor in Nashville since Grover Cleveland was in his first term (1880s). Haven’t had a Republican Congressman in even longer, since 1872.
= = = =
THAT is just embarrassing.
....
Places NOT to move to...
Nashville
NYC
Ah ok. Well we’re the reporters in the articles referencing $1 raise just too dumb to explain that?
Living in Bay Area is tough enough for a conservative like me. It would be insufferable had it not been for Prop 13. God bless Paul Gann and Howard Jarvis. May you eternally rest in peace.
“Let me guess, Nashville elected a Democrat?”
Nashville is nothing more than an fake Cowboy music town infiltrated by woke leftist / Hillbillies. It’s the Austin of TN.
You honestly think I would post over a buck, or that would even make news? Its a democrap. He’s trying to raise for $470 million projected shortfall. We dont have that many people in Nashville, trust me!
Prominent, Centrally located City will be needing a Competent, Drug Free, Thinks BEFORE opening mouth Mayor to replace the one that is now on Suicide Watch due to flapping lips too much and being relieved of Duty.
Nashville had the devastating tornado just before the virus. Unbelievable.
So if COVID doesn’t kill the retirees, the property taxes will?
Just damn.
Sorry to hear that you’re under the greasy thumb of “Lotho Pimple” Murphy...
A huge tax hike in the middle of a depression? I guess that’s one way to slow growth in Nashville.
Make those rich land owners pay for their theiving ways that they used to steal money and buy land and houses. All land owners are crooks and must be punished by good, selfless, progressive Democrapt politicians.
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