The proposed property tax rate for the 2016-2017 fiscal year in Brentwood is being reduced by $0.08 due to the countywide reappraisal that increased property values in the city.
The proposed property tax rate for the 2016-2017 fiscal year in Brentwood is being reduced by $0.08 due to the Williamson County-wide reappraisal that increased property values in the city.
There will be a series of public hearings on the ordinance to adopt the property tax rate for FY 2016-2017, with the proposed tax rate being $0.36 per $100 of assessed value of taxable property.
This is the same effective property tax rate for the City of Brentwood for the 26th year in a row. The actual rate to be levied has been reduced by $0.08 from $0.44 to the proposed $0.36.
This reduction is due to the results of the recently completed countywide reappraisal, which resulted in a 22 percent increase average in property values in Brentwood. The final state certification of the new effective rate is still pending.
“Under law, a city cannot benefit from a reappraisal,” City Manager Kirk Bednar said. “We have to set a new tax rate that is revenue neutral on a city-wide basis. Individual property owners who had their value go up more than the average will see a higher tax bill. Those that were lower will see a reduction in their city tax bill. Overall for the city, we will generate the same amount of revenue for the same properties.”
If a property increased in value less than 22 percent, then the city property taxes due on the property will be less than in 2016. Likewise, if a property had an increase in value greater than 22 percent, then the city property tax due on this property will be greater than in 2015.
There is a process to appeal an evaluation with the Williamson County Tax Assessor, by calling 615-790-5708.
“The city has nothing to do with reappraisal, but if someone has questions, there is a board they can call,” Mayor Regina Smithson said. “They’ve been very reasonable from people that have gone and asked them to look at their situation. We all know it’s a buyer’s market and the values in Brentwood have stayed up.”
Bednar added there is a window for when an appeal can be made with the Williamson County Tax Assessors office, and if anyone is interested in doing so, they may want to move quickly.
The public hearings will take place on June 14 and 27 at 7 p.m. at the Brentwood Municipal Center, located at 5211 Maryland Way. No one spoke at the first public hearing last Monday.
Samantha Hearn reports for Home Page Media Group. She can be reached via email at firstname.lastname@example.org or on Twitter @samanthahearn.