County Commission considers 1-cent property tax hike
“When you look at the revenue, we could take some items off the wish list for $229,000 or less,” said Commission Budget Committee Chairman Edmund Ford Jr., seen at right in 2019. “It’s up to us. If you can live with it — fine. But we might need $229,300.” (Mark Weber/Daily Memphian file)
The commission approved Monday a basic property tax rate of $3.45 that generates the same amount of revenue as the current tax rate, taking into account increases in property values. But the rate must be rounded down by 0.001 cent, which comes to almost a quarter of a million dollars in revenue left on the table.
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Shelby County Commission 2021 budget season Edmund Ford Jr. Shelby County property taxBill Dries on demand
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Bill Dries
Bill Dries covers city and county government and politics. He is a native Memphian and has been a reporter for more than 40 years.