Nashville public officials and business leaders are condemning a plan to roll back the 34% property tax increase that councilmembers passed in June. The Nashville Taxpayer Protection Act wants to limit the city’s ability to give public land to private entities and slow property tax increases.
Nashville’s Council Passes Large Tax Increase, Boosting Schools While Backing Away From A Policing Cut
Nashville residents will pay dramatically higher property taxes in the coming year after the Metro Council approved a rate increase of about 34% early Wednesday morning.
Recommended Reading: Nashville’s City Budget Challenges
Nashville’s Metro Council could finalize the next city budget on Tuesday night, with each of the competing proposals aiming to raise property taxes to varying degrees. A tax increase of 32% to 34% is possible, arriving at a time of financial hardship for many residents and also for the Metro government.
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