Commissioners to Hold Final Reading for Shelby Co. Tax Hike

Commissioners to Hold Final Reading for Shelby Co. Tax Hike

Property taxes could be going up for Shelby County residents if the third and final reading on a tax hike passes at Monday's commission meeting.
MEMPHIS, TN (localmemphis.com) - Property taxes could be going up for Shelby County residents if the third and final reading on the tax hike passes at Monday's commission meeting.

If approved, the property tax rate would go up from $4.02 to $4.38. It's causing a clear split between the county commissioners and local residents

Shelby County resident Geoge Hullett believes the answer should always be no when it comes to raising taxes.

"I'm definitely not in favor of it, raising taxes. I think the government really wastes too much money. I think they should be trying to figure out a way to cut taxes instead of raising them," said Hullett.

Even though the possible increase in Shelby County property taxes is meant to help put the newly merged school system back in the black, it's found no favor with some residents.

"No excuse. No tax increase," said resident Joe Young.

If the tax hike does pass, the money will make up for $54 million in lost property tax revenues due to declining home values.

Resident Jennifer Preston, who supports financing education, says it's a good move to increase taxes for the sake of the school system.

"As long as they're as transparent as they can be that's great, you know. I think as long as the public is well informed, you know, it's a good thing," said Preston.

While there is mixed opinion with residents, the same can be said about the Shelby County Commissioners, who voted 6-5 against the against the tax hike at the last reading.

One commissioner, Sidney Chism, won't be voting because of a conflict of interest.
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