Par Brad Wallace
On Wednesday, June 17, the Metro Council approved a 34% property tax hike that was proposed by Mayor John Cooper April 28, 2020. The hike is part of a budget that was approved in a 32-8 vote, despite opposition for the past two years by councilmembers. This shift could be driven because of recent tornados and the ongoing COVID-19 pandemic. The increase is set to raise Davidson County’s property tax rate by $1.066 per $100 of assessed value.
Please reach out to the experts at Ryan regarding this decision and how it could affect valuations. If you have any questions, please visit our COVID-19 Updates site, as our experts are in constant contact with the jurisdictions and make updates to the site as notifications become available.
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