On Wednesday, June 17, the Metro Council approved a 34% property tax hike that was proposed by Mayor John Cooper April 28, 2020. The hike is part of a budget that was approved in a 32-8 vote, despite opposition for the past two years by councilmembers. This shift could be driven because of recent tornados and the ongoing COVID-19 pandemic. The increase is set to raise Davidson County’s property tax rate by $1.066 per $100 of assessed value.
Please reach out to the experts at Ryan regarding this decision and how it could affect valuations. If you have any questions, please visit our COVID-19 Updates site, as our experts are in constant contact with the jurisdictions and make updates to the site as notifications become available.
TECHNICAL INFORMATION CONTACTS:
Brad Wallace
Principal
Ryan
404.942.6346
brad.wallace@ryan.com
Chris Boyer
Director
Ryan
404.942.6349
chris.boyer@ryan.com
John McClintock
Manager
Ryan
404.365.0922
John.mcclintock@ryan.com
Caitlyn Milks
Manager
Ryan
404.942.6380
caitlyn.milks@ryan.com
The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals. For additional information about this topic, please contact us at info@ryan.com.
- Topics
- Brad Wallace
- Property Tax
- Tennessee