Tennessee property tax hikes prompt calls for special session

Tennessee is facing rising local property taxes, with the state reportedly leading the nation in tax hikes according to the Beacon Center. While a constitutional amendment on the November ballot could prevent the General Assembly from enacting a statewide property tax, it would not restrict taxes imposed by cities, counties, or school boards.

Significant increases have been reported in various areas, including a 14% rise in Red Bank and a 164% increase in Mount Juliet. Business owners, such as those on Nashville’s Broadway, have also seen substantial tax increases.

Legislative efforts to curb these hikes, such as a bill proposed by State Rep. Jason Zachary and Sen. Bo Watson that would have limited increases to inflation plus 2% unless approved by referendum, failed to pass committee. Lawmakers are currently considering various solutions, including the possibility of a special session.