There are 12 article(s) tagged Property tax:

• June 2024

  • Lakeland approves final reading of fiscal budget and tax rate

    Lakeland approves its annual budget, maintaining the lowest municipal property tax rate in Shelby County.

    By Michael Waddell June 19, 2024

• May 2024

  • Where do Memphis and Shelby County property taxes go?

    With the City of Memphis looking at a proposed 28% property-tax increase and some citizens calling for the government to cut the fat instead, The Daily Memphian reviewed the city’s proposed fiscal year 2025 budget.

    By Samuel Hardiman May 06, 2024

• April 2024

  • Mayor Young to propose property-tax hike, says city faces $30M shortfall

    “I think it’s time for us to step into a new reality,” he told a crowd of several hundred at Mount Vernon Baptist Church. “I’m going to ask for a tax increase.”

    By Bill Dries April 18, 2024

• March 2024

  • Bailey: It’s the time of the season for budgeting

    Governments across the suburbs are starting the annual springtime reviews of proposed spending, anticipated revenues and what program are important enough to receive funding in the fiscal year.

    By Clay Bailey March 29, 2024

• June 2023

  • Collierville approves $273.7M budget, including increase in tax, utility rates

    Collierville approved its budget Monday. The budget is the town’s financial plan for July 1 through June 30, 2024.

    By Abigail Warren June 13, 2023

  • Memphis could raise property taxes. Here’s what it would pay for.

    Council Chairman Martavius Jones has proposed a $0.29 increase to the city’s current $2.71 property tax rate, which would raise about $40.6 million in new revenue for the city if it passed. 

    By Samuel Hardiman June 04, 2023

• September 2022

  • During the pandemic, many evictions and foreclosures were halted; local tax sales weren’t

    The Institute for Public Service Reporting found that, between August 2020 and February 2021, the height of the pandemic, local governments auctioned off nearly 1,700 tax-delinquent properties, about a fourth of which seem to be owner-occupied homes. 

    By Jessica Jaglois September 19, 2022

• June 2021

  • Bartlett passes $180.9M budget, increases property tax

    The new tax rate of $1.75 per $100 of assessed value is an increase over the certified tax rate of $1.51 set following reappraisal. The certified rate accounts for the increase in property values seen in this year’s reappraisal of property for tax purposes.

    By Omer Yusuf June 28, 2021

• July 2020

  • Germantown plans flat property tax

    Aldermen reviewed the general fund and capital improvements in a work session on Wednesday. The aldermen plan to have the final review of the budget by the end of August.

    By Abigail Warren July 08, 2020

• June 2020

  • Memphis needs a moral budget

    The notion that low taxes are good for Memphis is a bill of goods, more hollow than the Pyramid and less financially sound. Low taxes help the richest in our society and hurt the rest of us.

    By Osagyefo Sekou, Kevin Bradshaw June 04, 2020

• May 2020

  • Collierville proposing flat tax rate for 2020-21 budget

    Despite a decrease in sales tax revenue, Collierville is proposing a flat property tax rate. The tax rate will remain at $1.83 per $100 of assessed property value.

    By Abigail Warren May 26, 2020

• May 2019

  • Collierville property tax rate to remain same for 2019-20 budget

    Collierville expects no property tax increase in the coming fiscal year, the town said Monday. 

    By Abigail Warren May 13, 2019