Property Owners Could See a 15% Property Tax Increase in Rutherford County, Tennessee
Brad Wallace, Principal 404.942.6346 | brad.wallace@ryan.com
Caitlyn Smagh, Senior Manager 404.942.6380 | caitlyn.smagh@ryan.com
Ryan Cundiff, Manager 404.334.9446 | ryan.cundiff@ryan.com
Earlier this week, Mayor Joe Carr of Rutherford County reluctantly proposed a 15% property tax increase to the county commission. The increase is designed to target a $64 million deficit that has accumulated over the last few years in the fastest growing county in Tennessee.
This potential increase will impact everyone who owns property in the county. Below is the proposed tax rate for Rutherford County and the city of Murfreesboro.
Historical Commercial Tax Rates
Rutherford County
Tax Rate Area: Rutherford County Only
Historical Commercial Tax Rates
Rutherford County
Tax Rate Area: 515 - City of Murfreesboro
*Data source: https://comptroller.tn.gov/office-functions/pa/tax-resources/assessment-information-for-each-county/property-tax-rates.html
The local tax experts at Ryan will continue to monitor this issue and work with clients to implement a comprehensive range of proactive strategies designed to address future reassessments and tax mitigation strategies.