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A resolution establishing the certified tax rate in the General Services District, and declaring the amount of the certified tax rate for the Urban Services District, pursuant to the provisions of Tennessee Code Annotated § 67-5-1701, et seq.
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WHEREAS, Tennessee Code Annotated § 67-5-1701, et seq., requires that the Metropolitan County Council establish a certified tax rate at the conclusion of a county-wide reappraisal program; and,
WHEREAS, the Metropolitan Assessor of Property has completed the 2025 county-wide reappraisal program; and,
WHEREAS, Tennessee Code Annotated § 67-5-1701 provides that the certified tax rate will be the rate necessary to produce the same ad valorem revenue for The Metropolitan Government of Nashville and Davidson County as was levied during the previous year exclusive of new construction, improvements and deletions; and,
WHEREAS, pursuant to the provisions of Tennessee Code Annotated § 67-5-1701, the proposed certified tax rate for both the General Services District and the Urban Services District of the Metropolitan Government has been submitted to the Executive Secretary of the State Board of Equalization for review; and,
WHEREAS, based on those certified tax rates, a rate may be established to apply to the assessed value of the Urban Services District to calculate an amount for the Fire Tax transfer from the General Service District which shall be deposited to the credit of the General Fund of the Urban Services District.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the certified tax rate for the General Services District shall be $1.995 on each $100 assessed value of all property, real, tangible personal, intangible personal, and mixed.
Section 2. That the certified tax rate for the Urban Services District shall be $0.227 on each $100 assessed value of all property, real, tangible personal, intangible personal, and mixed.
Section 3. That the certified tax rate for use in calculation of the amount for the Fire Tax transfer shall be $0.05 per $100 of assessed value of the Urban Services District to be deposited to the credit of the General Fund of the Urban Services District.
Section 4: This resolution shall take effect from and after its adoption, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution establishes the certified tax rate of the Metropolitan Government. State law requires that once the county reappraisal program is completed, a tax rate must be set that will provide the same amount of revenue for the county that was levied during the previous year based on the old assessment values and tax levy, because a government may not realize greater revenue by means of a reappraisal program.
The purpose of the reappraisal program is to ensure that property assessments are “equalized” by having all property appraised at the same time. The present tax rate for the GSD is $2.922 per $100 of assessed value and $0.332 for the USD, for a total combined rate in the USD of $3.254. The new certified tax rate to be approved by this resolution will be $1.995 per $100 of assessed value in the GSD and $0.277 per $100 of assessed value in the USD, for a combined rate of $2.222.
Note that there is a separate ordinance, BL2025-834, that would establish the tax levy for the annual operating budget.
The Council Office anticipates a substitute for this resolution to acknowledge approval of the certified tax rate and calculations by the State Board of Equalization.