The Spring Hill Board of Mayor and Alderman voted final approval of the city’s new 2016-2017 budget on Monday night, including a new tax rate.
Newly added into the budget was the new property tax rate provided by the Tennessee Board of Equalization for both Maury and Williamson counties.
Alderman Jonathan Duda proposed an amendment to the budget at Monday’s meeting, equalizing the tax rates across both counties, but also exceeding the new certified tax rate that was issued following the recent property reappraisal and an increase in home values.
“Finally (the amendment) would levy or make the property tax for our community 59 cents per $100 of assessed value on all real and personal property on the Maury County side of Spring Hill and a property tax rate of 59 cents per $100 of assessed value on all real and personal property on the Williamson County side of Spring Hill.”
Based on assessed values of 2016, by leaving the property tax rate at 59 cents, as the city has done in the past, the projected tax revenue increases to $5,638,000, representing an increase of approximately $816,000 in tax revenue.
Duda’s amendment to the budget was passed unanimously by the Board of Mayor and Alderman. The budget was then approved unanimously.
Quint Qualls covers Spring Hill for Home Page Media Group. Reach him at firstname.lastname@example.org.