Metro s proposed tax rate may be low but it doesn t guarantee you ll save money
Will you end up paying less if Metro Council approves the mayor s plan?
and last updated 2021-04-29 23:17:19-04
NASHVILLE, Tenn. (WTVF) â Under Mayor John Cooper s proposed property tax rate, the city s equalized rate will be the third-lowest of all time in all of Metro s history - $3.28.
However, even if that low proposed rate passes, it does not necessarily mean homeowners will save any money. State law requires anytime that property values go up, the tax rate must come down. And needless to say, Nashville s market is hot.
Group launches new effort to roll back Nashvilleâs 34% property tax increase
A new effort is underway to attempt to roll back Nashvilleâs controversial 34% property tax increase.
and last updated 2021-02-09 23:32:34-05
NASHVILLE, Tenn. (WTVF) â A new effort is underway to attempt to roll back Nashvilleâs controversial 34% property tax increase.
The group 4GoodGovernment is mailing out more than 200,000 petitions to rally support for the 2021 Nashville Taxpayer Protection Act (NTPA).
If passed, the NTPA would roll back the 2021-2022 tax rate to the 2019-2020 level. Once the rates are rolled back, the NTPA stipulates the property tax rate could only increase 3% a year without voter approval.