Property values across Nashville and Davidson County will grow a median 34% with the county’s 2021 reappraisal.
Property tax rates are typically adjusted so jurisdictions cannot take in more revenue after a reappraisal.
Parts of North Nashville, Whites Creek, Southeast Nashville, Donelson, Madison, and Antioch will see the highest value increases. Projections range from 20% growth in Metro Council District 24 to 59% growth in District 21.
Continued growth fueled by new businesses and demand for commercial and residential property led to the boost in appraised values, Metro Nashville-Davidson County Property Assessor Vivian Wilhoite said in a news release.
Mayor John Cooper is proposing to stick with the automatic property tax rate adjustment following this year's reappraisal, which is $3.288 per $100 of assessed value.
The rate in 2019 was $3.155 per $100 of assessed value. It increased $1.066 per $100 of assessed value, as the city faced a financial crisis stemming from projected losses because of the pandemic. The budget goes before the Metro Council for consideration and approval.