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Content Tagged 'Property Tax'

Tempers Flare During County Commission Property Tax Talks
Tempers flared Monday night as Shelby County commissioners tried to set a new property tax rate. Video Watch Video
Mayor Luttrell Calls for Higher Tax Increase to Balance Budget
Shelby County Mayor Mark Luttrell already said he needs to raise taxes by 30 cents just to generate the same amount of money they got last year. But under his new budget plan, he needs even more money. Video Watch Video
Germantown Considers Property Tax Hike
If you own a home in the Mid-South, it's that time of year again. Re-appraisals are in the mail, if not already in your mailbox. In one Shelby County suburb, there could be sticker shock.
Mirimichi Owners Pay Nearly Quarter Million in Delinquent Taxes
The owners of Mirimichi Golf Course, which includes Justin Timberlake, owed a quarter of a million dollars in delinquent property taxes. As soon as ABC 24 News starting asking questions, they paid up. Video Watch Video
Homeowners Perplexed by Revised Property Tax Rate
Memphis City Council members say you will think they're increasing taxes by fourteen cents; it will sure look that when you do the math. But because of property values dropping, they say it won't be a tax increase at all. Video Watch Video
Shelby Co. Property Taxes Up as Home Values Decline
The Shelby County Property Assessor mailed out reappraisals Monday. Homeowners will see a drop in property values but an increase in property taxes. Video Watch Video
Wharton Proposes County Collect both City, County Taxes
Memphis Mayor A C Wharton wants the city to get out of the property tax collection business. Under Wharton's proposal, the Shelby County Tax Collector would also collect your city taxes. Video Watch Video
Commission Chairman At Odds with Mayors over International Paper
Shelby County Commission Chairman Mike Ritz says both Memphis Mayor A C Wharton and Shelby County Mayor Mark Luttrell offered IP thirty more years of reduced taxes under the PILOT program. He doesn’t like the idea, and intends to fight it. Video Watch Video
South Cordova Protests Annexation and Rising Taxes
Residents of South Cordova are protesting annexation to the city of Memphis and the rising taxes that go along with it. Video Watch Video
Residents Face Massive Tax Hike in Tunica County
Think taxes are bad where you live? They're prepping for a major property tax hike in Tunica, a 30 percent increase. Video Watch Video
Properties with Unpaid Taxes Auctioned Off in Mississippi
For sale: homes, businesses and land owned by those who haven't paid their property taxes. Choose right and buyers can make a big profit, but fewer people are taking the risk this year. Video Watch Video
TPC Suggests Tax Increase to Cover $57M Merger Shortfall
Members of the Transition Planning Commission told Shelby County commissioners that the system will be short $57 million when operations start next year. One recommendation to make that money up was a property tax increase. Video Watch Video
THE TRUTH: Millions in Revenue Lost on Tax Breaks, Non-Profits
Think businesses getting tax breaks would voluntarily pay Memphis more money to help the city's budget crunch? What about a non-profit group or a church? Memphis City Council members say it could happen. Video Watch Video
Annexed Cordova Residents Upset over New Taxes
Cordova residents recently annexed into the City of Memphis received a welcome letter, but what it said was not welcoming at all to homeowners.
Unions Unhappy with City Budget Tax Cuts
You'd think a property tax cut would mean that the birds would be singing, the bees would be buzzing, and everything would be ice cream and cake in a happy Bluff City, but it's not. Video Watch Video
City Council Approves Budget, Lowers Property Tax Rate
After more than four hours of council debate, the City of Memphis has a new budget, and it will lower your property taxes.
Memphis Mayor's Property Tax Increase Likely Axed
If you own a home in Memphis you can breathe a bit easier. Mayor A C Wharton now says he won't get the 47 cent tax increase he requested. Video Watch Video
Memphis City Budget Committee to Weigh Tough Choices
The days of the free lunch might soon be over for Memphis City Council members. Budget talks begin April 28, and some say it's time to quit having taxpayers pay for their chow. It's just one of many cuts being talked about as council members try to figure out a way to avoid a 47 cent property tax increase proposed by Memphis Mayor A C Wharton. Video Watch Video
Memphis Faces Tough Decisions in Budget Battle
Memphis Mayor A C Wharton proposed raising property taxes by nearly 50 cents Tuesday to balance a record budget for next year. Video Watch Video
Mayor Wharton Proposes 47 Cent Property Tax Hike
Memphis Mayor A C Wharton wants to raise property taxes by 47 cents in his new budget. His plan calls not only for more taxes, but also for more layoffs. The key is whether city council members will buy it. Video Watch Video
Memphis City Council Votes Down Property Tax Increase
The Memphis City Council voted to take $10.2 million out of the city's reserves and agreed to $3 million in cuts. Those cuts would not affect the Memphis Police Department. The tax increase was voted down.
Mayor Luttrell Weighs Tax Increase to Fund Merged Schools
Shelby County Mayor Mark Luttrell said before both school systems merge, he wants to make sure he sees how every nickel and dime of your dollars are being spent before he agrees to any tax increase. Video Watch Video
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