Report: Memphis Property Owners Pay Higher Tax Rates than Those in Nashville

The property taxes that fund local city governments have a wide range in Tennessee, especially when it comes to the differences between how property is taxed in Memphis and Nashville, according to a report from the Lincoln Institute on Land Policy on data from 2021.

Nashville, for instance, has a lower effective homestead property tax rate than most other large cities (0.814% compared to the national average) while Memphis homestead properties are taxed at 1.523% above the national average. Nashville was 43rd in effective rate amongst the list of 74 large cities where data was available while Memphis was the 16th highest.

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New Arizona Law Gives More Power to Property Owners

While Governor Katie Hobbs has been busy vetoing bills this legislative session, some Republican-backed measures have been able to become law. Most recently, the House Majority Caucus announced Tuesday that one of those bills was HB 2607, sponsored by Representative Barbara Parker (R-Mesa), which aims to give more power to property owners.

Under the law, members of a condominium owner’s or planned community association can call for removing a board member if they feel that member is not serving them well. Community members must submit a petition that contains a certain percentage of members. An association of 1,000 requires 25 percent of members to approve, while larger associations only require ten percent.

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NYC Mayor Adams Considers Abandoned Prison, Asks Property Owners to House Influx of Migrants

New York City Mayor Eric Adams is reportedly considering housing migrants in a shuttered Hudson Valley prison.

He considered the idea in call with county officials Thursday, as New York City struggles to find accommodations for thousands more asylum-seekers expected to arrive following the expiration of the federal border policy Title 42, according to an audio tape obtained by Politico.

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