Judge to weigh in on Metro charter amendment
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WTVF
Posted at 10:38 PM, May 13, 2021
and last updated 2021-05-13 23:38:59-04
NASHVILLE, Tenn. (WTVF) â A vote by the Davidson County Election Commission Thursday night requires a judge to decide whether or not voters can weigh in on a proposal that changes Metro s charter.
The NTPA would limit how much the city s tax rate could go up each year. The amendment would revert property tax rates back to FY 2019-2020 thus making it easier to recall elected officials and make it harder to give away Metro property.
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.