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Top Local Memphis News

Taxes · MemphisMEMPHIS, Tenn. — Shelby County Mayor Lee Harris presented his $1.7 billion budget to county commissioners on Wednesday, and he says it may mean a tax cut for homeowners. The plan does not call for a property tax increase. In fact, Harris is urging commissioners to slash the property tax rate by 20%. The current property tax rate is $3.39 per $100 of assessed value. Harris proposes a new rate of $2.73, a 66-cent reduction. If approved, Harris sa…See the Story
Mayor proposes tax cut in new Shelby County budget
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