MT. JULIET, Tenn. (WTVF) — Mt. Juliet city officials held a second community meeting to talk about a proposal to raise property taxes in the city.
It's a move that would give more money to the city's fire department, but potentially increase property taxes from 16 cents per every $100 of assessed home value -- the lowest current property tax rate in Wilson County -- to either 39 cents or 59 cents.
The tax rate increase would mean different things for different home values. Mt. Juliet officials said that the owner of a $150,000 home currently pays $62 a year to the city. If approved, that would increase to either $146 with a 39 cent tax rate, or $221 with a 59 cent tax rate.
City officials said the Fire Department budget is currently operating with a $450,000 deficit.
