Memphis City Council to vote on possible change to property tax rate Tuesday

MEMPHIS, Tenn. (WMC) – A property tax fee debate and potential choice is predicted to come back from the Memphis Metropolis Council Tuesday afternoon.

Mayor Jim Strickland says now will not be the time to lift property taxes, however one Memphis Metropolis Councilman is proposing lower than a thirty cent fee enhance. On Monday, a brand new coalition spoke in favor to the elevate.

“Our budgets from authorities needs to be ethical paperwork,” Cardell Orrin with the Ethical Price range Coalition stated. “They need to replicate our values, our priorities, and the issues we maintain pricey.”

The Ethical Price range Coalition, made up of greater than a dozen Memphis organizations, is advocating for a property tax fee enhance.

A plan from Memphis Metropolis Councilman Martavious Jones goes earlier than Council for a vote Tuesday. It will set the property tax fee to $3 for $100 of assessed worth. Mayor Jim Strickland’s price range, which didn’t embrace a fee enhance, units it at $2.71 per $100 of assessed worth.

“Once we speak about a tax enhance, for a $100,000 house, on this neighborhood, I ask you might be you keen to sacrifice $10 a month,” Jones stated. “As a result of that’s the quantity of the rise we’re speaking about monthly.”

Mayor Jim Strickland opposes any such enhance.

“On the tail finish of the pandemic, when hundreds of individuals have misplaced their jobs, and a whole bunch have misplaced their companies, that this isn’t the time to lift taxes,” Strickland stated. “There’s by no means a superb time, however this definitely isn’t the time to lift taxes. I’m actually hoping a majority of the Council agrees.”

In his plan, Jones stated income from the rise might embrace three % raises for all metropolis staff, funding in an reasonably priced housing belief fund and alternative youth belief fund plus an ongoing income stream of $10 million for MATA.

“Correctly funding MATA will present dependable and environment friendly ridership for everybody,” Mary Lou McCaw with MICAH’s Transit Fairness Group stated. “It would particularly develop the alternatives for modest earnings residents, a vital key to lowering poverty.”

Memphis Metropolis Council’s assembly begins at 3:30 p.m. Tuesday.

Copyright 2021 WMC. All rights reserved.

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