wardaddy can attest to the huge jump in Nashville property taxes or the past decade, especially for small businesses. One restaurant owner’s property taxes went for $13,000 in 2013 to $55,000 last year. If this goes through, his property taxes will be over $72,000 a year, which is more than his mortgage payment.
Yes my mini warehouse complex in the Lakewood Old Hickory area of Nashville went from 15,700 in 1998 to 57,000 in 2012 when I sold it
Bredesen
Purcell
Dean
All raised rates ....crazy
That was 18% of annual revenues ..
Biggest line item after mortgage.