Dear Rod,
Yesterday afternoon, I spoke with members of the Rotary Club of Nashville about important priorities of my administration over the next year.
One
of the issues that affects all Nashvillians is affordability. With
property values rising quickly, this year's property reappraisal will
hit some harder than others, which is why I have committed to submitting
a budget to the Metro Council that will not include a property tax
increase.
Following
the reappraisal, indications are that the certified tax rate could be
at or near the lowest levels in the history of Metro. However, property
owners whose values increase more than the countywide average will be
paying more in taxes than they used to, while those whose values
increases less than the average will be paying less than they used to,
as the state requires this to be a revenue-neutral process. Seniors,
veterans, and disabled Nashvillians who meet certain criteria may be
eligible to participate in tax freeze or relief programs through the Trustee's Office.
You
will also see changes in how Metro determines stormwater fees. Rates
haven't increased since 2009, but the cost of managing stormwater has,
significantly. Modernizing the fee structure will protect the
investments we've already made in stormwater infrastructure, and allow
us to fund new solutions. We are proposing a more equitable fee
structure, whereby the rates of smaller homes and businesses will be
frozen, and properties with larger impervious structures will pay more
for the water runoff they create.
Take some time to learn more about the property reappraisal and stormwater modernization initiative.
Kind regards,
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