Memphis leads state in property tax rate

Based on figures released by the state comptroller’s office, Tennessee Tax Revolt, a statewide taxpayer advocacy group, on Monday named the City of Memphis winner of its 2005 “Tennessee Tax Bowl.”

Each year TTR bestows the award on the city and county tax jurisdiction with the highest combined property tax rate in the state. Out of 402 jurisdictions in the state, Memphis came out on top with a combined city/county property tax rate of $7.27, more than a dollar higher than the second place city.

Currently Memphis city leaders are considering a 54-cent tax increase.

Of the 20 jurisdictions in the state with the highest combined property tax rate, seven are located in Shelby County.

Number two on the list is the community of Oakdale in Morgan County with a rate of $6.1100. Oak Ridge in Anderson County is third at $6.0900. Knoxville in Knox County is fourth at $6.0100. Then comes Germantown in Shelby County ($5.7900), Lookout Mountain in Hamilton County ($5.7610) and Chattanooga in Hamilton County ($5.5770).

Nashville-Davidson County, with a property tax rate of $4.58, is well below the top 20.