Local Govs plan tax hikes to plug Covid-19 loss, Nashville property tax going up 34%

I wonder what the impact is going to be on such a hot real estate market like Nashville? Does this mean that they’re no longer going to be a hot market?

Okay, that’s fricked.

you knew this shite was coming. Wait till JBE starts his rape of this state.

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a “painful but necessary” move that will raise money for the city

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Aren’t the bars on broadway currently placing lawsuits against the city for forcing them to close?

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Property tax rates in Nashville, Tenn., will be increasing by 34 percent in what Mayor John Cooper described as a “painful but necessary” move that will raise money for the city, which has taken a hit during the pandemic

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So is this like going up from 3% to 4% or going from 1% to 35%?

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So is this like going up from 3% to 4% or going from 1% to 35%?

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I’d imagine the 3-4% scenario. But even then in a $600,000 house that’s another $500/month and getting absolutely nothing in return for it.

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If people aren't convinced yet of gov't ineptitude and how much power they yield today then we're lost.

Gov't: you can't work

Also Gov't: pay us more of the money you earn from working

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It's not ineptitude, it's numbers. The majority of people that live within the actual Nashville city limits, not the metro, probably rent, just like every other major urban center. So you raise property taxes, knowing the majority of your voters won't be impacted directly, at least on paper.

Then rent prices go up and the renters blame it on the evil capitalist pigdog landlords, all the while barking and clapping like seals at the local government raising taxes on "the rich".

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fricking genius

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It's gov't bro. Never underestimate their incompetency.