July 29, 2008 Opinion » Viewpoint

Memphis Has the Highest Tax Rates in Tennessee 

by John Branston
click to enlarge 71014_MoneyHappiness_vl-vertical.jpg
"The highest effective property tax is found in Shelby County, reflecting the impact of an extremely high property tax rate in Memphis," the report's executive summary said. "Memphis has the highest combined county and city nominal tax rate in the state.

Total local taxes are regressive, since each of the three taxes (property tax, sales tax and wheel tax) is separately regressive. Regressivity refers to lower income persons paying a higher percent of their income for taxes than do higher income persons ..."

Read the rest of this post on Memphis taxes at SmartCityMemphis.

Viewpoint archives »

Comments (0)

Subscribe to this thread:
By Email
With RSS

Add a comment

ADVERTISEMENT
ADVERTISEMENT

Latest Stories

More by John Branston

  • Pit Stops

    Ten BBQ joints worth a day trip from Memphis.
    • by Hannah Sayle, Chris Herrington, Chris Shaw, Louis Goggans, Greg Akers, Bruce VanWyngarden, Jackson Baker and John Branston
    • May 16, 2013
  • More »

Top Viewed Stories

ADVERTISEMENT

Site Search

From the Archives

  • Bianca Knows Best

    Dear Bianca,

    I recently broke up with my boyfriend of two years. He'd been living in Europe for the past year of our relationship because he took a temporary job making double the salary he made in the states. A few months into the job, he was hired full-time, and he decided to stay put ...

    • by Bianca Phillips
    • Jul 1, 2008

  • How Fast Can Kriner Cash Turn Memphis Schools Around?

    How soon can Memphis expect to see improvements in the Memphis City Schools under new superintendent Dr. Kriner Cash?

    Test results coming out of the Washington D.C. public schools, a system that is smaller but demographically similar to Memphis, show significant gains in the first year under new superintendent Michelle Rhee ...

    • by John Branston
    • Jul 18, 2008
  • More »

Most Commented On

  • Editor's Note:

    Which leads me to put on my Dr. Phil face and say what has to be said: It's time for Memphis and Shelby County to start seeing other people. We've tried for years to patch things up, to come to some sort of mutual understanding, but we need to admit that we have irreconcilable differences. We don't even know each other any more ...

    • by Bruce VanWyngarden
    • Jun 13, 2013

  • Delta Undoes Memphis

    • by Bruce VanWyngarden
    • Jun 4, 2013
  • More »

SPECIAL ISSUES

Best of Memphis 2012

Best of Memphis 2012

click here to see more »

Hotties 2013

Hotties 2013

click here to see more »

© 1996-2013

Contemporary Media
460 Tennessee Street, 2nd Floor | Memphis, TN 38103
Visit our other sites: Memphis Magazine | Memphis Parent | Memphis Business Quarterly
Powered by Foundation