Earlier this week, Mayor Joe Carr of Rutherford County reluctantly proposed a 15% property tax increase to the county commission. The increase is designed to target a $64 million deficit that has accumulated over the last few years in the fastest growing county in Tennessee.
This potential increase will impact everyone that owns property in the county. Below is the proposed tax rate for Rutherford County and the city of Murfreesboro.
*Data source: https://comptroller.tn.gov/office-functions/pa/tax-resources/assessment-information-for-each-county/property-tax-rates.html
The local tax experts at Ryan will continue to monitor this issue and work with clients to implement a comprehensive range of proactive strategies designed to address future reassessments and tax mitigation strategies.
Reach out to our experts today.
TECHNICAL INFORMATION CONTACTS:
Brad Wallace
Principal
Ryan
404.942.6346
brad.wallace@ryan.com
Caitlyn Smagh
Senior Manager
Ryan
404.942.6380
caitlyn.smagh@ryan.com
Ryan Cundiff
Manager
Ryan
404.334.9446
ryan.cundiff@ryan.com
The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals. For additional information about this topic, please contact us at info@ryan.com.
- Topics
- Brad Wallace
- Property Tax
- Tennessee