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Tuesday, August 13, 2019

Budget Committee Recommends New Tax Rate

The Budget Committee of the Sumner County Commission met last night (August 12th) and recommended a new tax rate be adopted by the full County Commission.

The new rate would be $2.262 if the full Commission votes in favor of the recommendation.

The state-adjusted "revenue neutral" rate is $1.93.

The proposed rate includes a 15-cent adjustment for inflation since the last tax increase in 2014.

Additionally, around 12 cents would pay for a $4000 raise for every teacher in Sumner County.

Other needs funded by the proposed increase include road improvements, a new facility for the jail, a parking garage in Gallatin, and adding SROs to every school in the county (15 new hires).

Even with the proposed new rate, Sumner County would have one of the lowest tax rates in middle Tennessee.

At $2.26, Sumner's rate would be only slightly higher than Rutherford County, and significantly lower than Wilson, Davidson, Cheatham, Montgomery, and Robertson.

According to Zillow, the average sale price of homes in Sumner County is around $260,000.

Based on those values, the new tax rate would mean $216 more per year for the average taxpayer, or just about $18 a month.

The County Commission will meet at 7:00 PM on Monday, August 19th at the County Commission Chambers in Gallatin to consider the new rate.

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