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An ordinance authorizing the rounding of ad valorem property tax amounts and central business improvement district special assessment amounts to the nearest dollar.
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WHEREAS, Title 67, Chapter 5, Part 1 of the Tennessee Code Annotated (the "Act") authorizes counties and municipalities to respectively levy ad valorem taxes upon all property subject to such tax; and
WHEREAS, Section 67-5-102(a)(2) of the Act directs that the amount of such tax shall be fixed by the county legislative body of each county; and,
WHEREAS, The Metropolitan Government of Nashville and Davidson County, as a consolidated form of government, has separate levies for ad valorem property taxes for the General Services District and the Urban Services District; and,
WHEREAS, the rounding of ad valorem property tax amounts to the nearest dollar would simplify and expedite the payment and collection of property taxes in Davidson County.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That individual ad valorem property tax amounts for the General Services District and the Urban Services District and special assessment amounts levied on properties within a central business improvement district as enacted in Title 2 of the Metropolitan Code of Laws shall, respectively, be rounded to the nearest dollar. Such rounding shall be applied uniformly to all property tax bills for real and personal property taxes as levied by the Metropolitan Government, and shall be accomplished by rounding amounts ending in $0.01 to $0.49 down to the nearest dollar and amounts ending in $0.50 to $0.99 up to the nearest dollar. Such rounding shall apply only to the tax amount, and not to any interest or penalty added to delinquent taxes.
Section 2. That rounding pursuant to this ordinance shall be effective for the 2026 tax year and subsequent tax years.
Section 3. That this ordinance shall take effect from and after its passa...
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