Property taxes here increased 23 cents per $100 of assessed value Monday night after the Town Council voted to hire 16 new workers.This propsed budget will get it's final vote after a meeting scheduled for later this month.
Smyrna had a tax rate of 69 cents before the county property assessor's office issued a certified rate of 63 cents earlier this year. The average home in Smyrna has been appraised at $165,000. Based on that number, the 23-cent jump equals an increase of about $96 a year to a total of $360, about 37 percent higher.
The Town Council will meet in a Special Called Meeting on June 29, 2006 at 6:30 p.m.Now compare Smyrna city taxes going up to the counties going DOWN.
The Rutherford County Commission's Budget Committee voted Wednesday to reduce the proposed property tax rate for the 2006-07 fiscal year from $2.70 to $2.66.Good news and bad for land owners.
The committee in two separate votes chose to reduce funding from property taxes for the general fund budget by 3 cents, and funding from property taxes of the solid waste fund by 1 cent, and to use money from the county's fund balance to make up for it.