Tennessee Conservative
Since 1949, Tennessee Government Has Relied On Sales Tax As The Primary Source Of Funding. Prior To 1949, The State Also Relied On A Statewide Property Tax. The State Property Tax Went Away But The Empowering Legislation Did Not. A Proposed Amendment To The Tennessee Constitution Will Address This By Forever Banning A Statewide Property Tax In The Volunteer State.
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Proposition 13 Has Been A Cornerstone Of Property Tax Policy In California For 45 Years, Promising Relief For Homeowners. However, A Closer Look Reveals That Its Impact Has Been Far From The Intended Benefits, Providing A Cautionary Tale For States Like Tennessee Contemplating Similar Measures.
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Property Tax Caps Are A Simplistic Solution To A Complex Problem. They Fail To Address The Underlying Causes Of Rising Property Taxes And Can Have Harmful Consequences For Local Governments And Residents.
Policymakers Should Consider More Comprehensive Solutions To The Problem Of Rising Property Taxes, Such As Abating Property Taxes For Senior Citizens And Providing More Financial Assistance To Local Governments.
Tennessee Comptroller Jason Mumpower Is Pushing A Plan To Increase The Frequency Of County Property Reappraisals To More Closely Match Market Values And Stop Local Governments From Losing Tax Revenue.
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A Proposal Pitched To Governor Bill Lee Would Expand Property Tax Relief For Long-Term Tennessee Homeowners In Their “Golden” Years.
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Rutherford County Residents Who Were Approved For A Freeze On Property Tax Increases Will Not Be Subject To The New 16.1% Increase That Was Approved By The County Commission On Monday.
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Every County And City In Tennessee Are Going Through The Same Budget Process Currently. Many Communities Are Faced With Hard Choices. When Making These Decisions It Is Important To Remember That Pursuit Of “All Or Nothing” Scenarios, While Crafting A Direction For The Government, Misses The Valuable Opportunity Of Consensus Building.
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Tennessee Should Remain Ever Vigilant In Her Finances. As There Is An Ever Increasing Push To Expand Government Services There Will Be An Attempt To Find Ways To Fund Them.
The State Property Tax Went Away In 1946 (Sort Of) But Not The Empowering Legislation That Makes It So Potentially Dangerous. With The Simple Stroke Of A Legislative Pen It Could Once Again Be Set Into Motion.
A Recent Analysis Shows That The Physicians That Perform “Top Surgeries” In Tennessee Practice Their Trade In Tax-Exempt Hospitals And Clinics.
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