Donate to the Salvation Army Red Kettle Campaign

Luttrell Proposes One Cent Property Tax Cut

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
mark luttrell

(Memphis) If Shelby County Mayor Mark Luttrell gets his way residents will get a once cent property tax cut.

The proposal was made this morning to a County Commission committee.

According to the Shelby County Assessor, the current property tax rate is $4.38 for county residents.

The cut would take the rate down to $4.37 which would save an owner $2.50 per $100,000 of assessed value per year.

If you live in a municipality, their tax is also added onto your rate.

2 comments

Comments are closed.