Oct 6, 2003

 

36 of 95 Tennessee Counties raise property taxes

 

The Tennessean

 

Tennessee counties have raised property taxes by nearly $100 million this fiscal year, and some observers believe that amount is almost certain to increase next year.

Thirty-six of
Tennessee's 95 counties have increased tax rates since July 1, ranging from 65 cents per $100 assessed value in Marion County to 5-cent increases in Putnam and Weakley counties, according to the University of Tennessee's County Technical Assistance Service.

Local officials raised the taxes after the Legislature earlier this year slashed state revenue subsidies to local governments by about $37 million. That amount was a compromise of Gov. Phil Bredesen's original plan, which sought a 9 percent cut that would have amounted to approximately $61 million.

City governments lost the most at about $32 million. County governments lost $5 million, or less than 2 percent.

"My general feeling is that of the counties that did not have a property tax increase this year, the majority are going to be looking at one next year," Bob Wormsley, executive director of the Tennessee County Services Association, told The Knoxville News Sentinel. "Just talking around the state with county commissioners and county mayors, you'll hear them say, 'Well, we didn't raise taxes this year, but we probably should have."'

Of the 58 counties that did not have a tax increase, most have either cut their budgets or used reserve funds to avoid raising taxes, Wormsley and other officials said.

Only eight counties raised property taxes in the previous fiscal year.

Tax information on the state's 345 city governments has not been completed. The
Tennessee Municipal League is conducting a comprehensive statewide survey of city finances, and TML officials said many local projects have been delayed by a lack of funds.

"Just scanning through the responses, the only thing we can say with any certainty at this point is that there seems to be a widespread deferral of capital projects and equipment purchases," said Ross Loder, TML deputy director.

State Finance Commissioner Dave Goetz said the lost state revenue was "inconsequential" to county governments but said the impact on cities was still not certain. He also noted that counties benefited from about $105 million in new state money for education, including $27 million for teacher salaries in school districts where pay was the lowest.

Local governments likely will not see subsidies restored to their previous levels next year, Goetz said, but further cuts to state-shared taxes is not being considered.

The loss of the state-shared tax money wasn't the primary factor in the increase of county property taxes and the probability for more in the future, Wormsley said. All county governments fund school systems while many city governments do not, he said, meaning they have fewer dollars for other areas.

Counties depend on property taxes for most of their funding, especially in rural areas. Urban areas benefit from local sales taxes where most residents, including those from rural areas, spend their money.

The amount generated by a penny increase in the property tax can vary from county to county.
Lake County is West Tennessee would see $5,455 from 1-cent increase, while that would mean more than $1.5 million in populous Shelby County where more high-value property is located. In East Tennessee, the range would be from $6,854 in Hancock County to $651,004 in Knox.

If there are more tax hikes in the future for some counties, they may look much like what
Cocke County is doing now. A property tax of between 37 and 45 cents per $100 is being discussed, and County Mayor Iliff McMahan hopes the issue is decided this week.

A 73-cent increase was initially projected for the county, but budget cuts and debate during the past six months lowered that figure, McMahan said.

"We've looked at every scenario you can think of," he said. "We looked at shutting down the county for a whole day. But that wasn't feasible."