What the county revenue forecast could mean for your property taxes
Shelby County Mayor Lee Harris speaks before the Shelby County Commission. He said recently the county’s budget forecast is cause for optimism. (Brad Vest/The Daily Memphian file)
Shelby County Assessor Melvin Burgess Jr. says property values in the recently completed countywide property reappraisal are up about 27% compared to property values in 2021.
And Shelby County Trustee Regina Newman says the county could see $44.5 million more in property tax revenue just from other factors for the new fiscal year that begins July 1.
“The long and short of it is we stand by these numbers,” Burgess told Shelby County Commissioners this month at the first hearing of the county’s budget season.
Shelby County Mayor Lee Harris says the forecast is cause for optimism and maybe for keeping the county’s property tax rate at $3.39
Topics
Shelby County Commission 2025 budget season Regina Newman Melvin Burgess Jr. sales ratio Subscriber OnlyAre you enjoying your subscription?
Your subscription gives you unlimited access to all of The Daily Memphian’s news, written by nearly 40 local journalists and more than 20 regular freelancers. We work around the clock to cover the issues that impact your life and our community.
You can help us reach more Memphians.
As a 501(c)(3) nonprofit organization, we provide free news access at K-12 schools, public libraries and many community organizations. We also reach tens of thousands of people through our podcasts, and through our radio and television partnerships – all completely free to everyone who cares about Memphis.
When you subscribe, you get full access to our news. But when you donate, you help us reach all Memphians.
Pay it forward. Make a fully tax-deductible donation to The Daily Memphian today.
Thank you for reading the local news. Thank you for investing in our community.
Bill Dries on demand
Never miss an article. Sign up to receive Bill Dries' stories as they’re published.
Enter your e-mail address
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.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.