Big Tax Hike Could Hit Lebanon Residents - NewsChannel5.com | Nashville News, Weather & Sports

Big Tax Hike Could Hit Lebanon Residents

Posted: Updated:

by Janet Kim

LEBANON, Tenn. -- Another mid-state city could soon see their property taxes go up, but first the Lebanon City Council will have to hash things out. Lebanon residents currently pay 34.56 cents per hundred dollars of assessed value. 

What the Mayor is proposing is a rate of 61 cents. That means city residents will pay roughly 26 cents more per hundred dollars of assessed value, and it's an issue drawing mixed reviews.  

"I'm for the increase; we have great services in the city and we have trash pickup and I think we have great value for what we do pay, and I'd be willing to pay more," said Lebanon Resident David Pine. 

"I've been a no-vote from the first, and it still bothers me that's a big jump, and I just have a problem with it because we still have citizens that are having a rough time," said Lanny Jewell, a Lebanon City Council Member. 

The proposed tax hike will need to be passed in three readings before it goes into effect. Tuesday's meeting would have been the first of those meetings, but that couldn't happen because not enough council members were present for a quorum. 
While this may have delayed the issue for now, the mayor said it's critical a decision is made soon. 

"We have resisted raising the property tax over the years, but this year like the last three years, we're short of our revenues meeting expenses," said Lebanon City Mayor Philip Craighead. 

Just to give residents a better idea of what this increase would mean, on a home assessed at $100,000, they could be seeing about a $66 increase in property taxes for the year.

Email: jkim@newschannel5.com
Facebook: Facebook.com/NC5JanetKim
Twitter: Twitter.com/NC5_JanetKim

Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 NewsChannel 5 (WTVF-TV) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.