County property-tax rate could go down
The current Shelby County property tax rate is $2.69 per $100 of assessed value; residential property is taxed at 25% of that value and commercial properties at 40%. (Patrick Lantrip/The Daily Memphian file)
For the second time in four years, the state mandated an appeals allowance that was too high, according to the county assessor’s office. This means the property tax rate has to come down.
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Shelby County Commission Shelby County Assessor of Property Javier Bailey Regina NewmanBill 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 almost 50 years covering a wide variety of stories from the 1977 death of Elvis Presley and the 1978 police and fire strikes to numerous political campaigns, every county mayor and every Memphis Mayor starting with Wyeth Chandler.
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