County Mayor Harris says county tax rate should hold steady

Shelby County Mayor Lee Harris said on “Behind The Headlines” that the estimated drop in the county property tax rate to $3.50, accounting for increases in values, should be the line to hold on the county tax rate. But county commissioners this week reviewed numbers suggesting some want to raise taxes beyond that point.

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Downtown Tourism Development Zone lost $5M in sales tax

On “Behind The Headlines,” the incoming CEO of the Downtown Memphis Commission says federal pandemic relief funding due the city will likely make up the loss. The drop in sales tax revenue for the TDZ comes as sales tax revenues across the city have exceeded bleak projections at the outset of the pandemic.

Flooded Germantown homeowners got no promises, assessor says

The Shelby County tax assessor said on “Behind The Headlines” that Germantown homes reflect an increase in values in this year’s reappraisal despite 2019 flooding in some parts of the city. He also discussed a change in the valuation of commercial property and his call for a reappraisal every other year.

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