Property Tax Freeze program for Seniors 

By: Pat Hunter

September 21, 2008

Everything that you ever wanted to know about the property tax freeze program is located on the Tennessee Comptroller's website including frequently asked questions. Please click to view: http://www.comptroller.state.tn.us/pa/taxfreeze.htm#

Listed on Monday's Sept. 22nd Commission workshop agenda are two hot top items, Item # 7. Tennessee Property Tax Freeze Act – Commissioner Austin Shaver and agenda Item #5 Noise Ordinance - Chairman Roy Bledsoe. For more information about an earlier discussion about a Noise Ordinance please click: Pancho Villa Uprising-Stamping Out Noise!

So far Commission has refused to adopt the Property Tax Freeze program for Seniors and the question is WHY? Anderson, Knox, Roane, Blount, Sevier and Campbell are but a few of the counties that have adopted the tax freeze for seniors so why not Loudon County?

Last year Commission ended the fiscal year with over $6.3 Million in Fund Balance and this year the County is supposed to end with another Fund Balance of over $5 Million.

Commissioners eat on our dime and some have actually bought laptop computers at taxpayer expense. Commissioners gave themselves a hefty yearly ten percent pay increase based on the county mayor's annual salary. Who gets an automatic ten percent pay hike? 

Taxpayers pay for vehicles and fuel and even roads to gated communities for multimillionaire developers, yet commissioners refuse to budge an inch when it comes to adopting a property tax freeze for seniors.  The question is WHY?

Residents have asked Commission to address these issues:

Commissioners have ignored the public and editorials have stressed promoting a senior tax freeze program. In 2 years, voters will have an opportunity to make changes on commission, representatives who will listen to seniors and taxpayers.   

 

Property Tax Freeze

Tax Year 2008 - Income Limit Loudon County - $33,060

 

Tax Freeze by County Year Adopted

Anderson 2007

Blount 2007

Bradley 2007

Campbell 2008

Davidson 2007

Franklin 2008

Hamblen 2007

Hickman 2008

Knox 2007

Montgomery 2008

Roane 2007

Robertson 2008

Rutherford 2008

Sevier 2008

Shelby 2008

Smith 2008

Sumner 2008

Williamson 2008

Wilson 2007

City Year Adopted

Clarksville 2008

Dyersburg 2008

Fairview 2008

Gallatin 2008

Goodlettsville 2008

Gordonsville 2008

Greenbrier 2008

Manchester 2007

Memphis 2008

Portland 2008

South Carthage 2008

The following counties and cities in Tennessee have adopted the local option

Property Tax Freeze program. In order to qualify, an applicant’s principal

residence must be located within one of these jurisdictions.

Source: State of Tennessee, Comptroller of the Treasury, Division of Property Assessments

 

Tax Freeze Provisions in the Tennessee Constitution, Article II, Section 28

By general law, the Legislature may authorize the following program of tax relief:

(a) The legislative body of any county or municipality may provide by resolution

or ordinance that:

(1) Any taxpayer who is sixty-five (65) years of age or older and who

owns residential property as the taxpayer's principal place of residence shall pay taxes on

such property in an amount not to exceed the maximum amount of tax on such property

imposed at the time the ordinance or resolution is adopted;

(2) Any taxpayer who reaches the age of sixty-five (65) after the time the

ordinance or resolution is adopted, who owns residential property as the taxpayer's

principal place of residence shall thereafter pay taxes on such property in an amount not

to exceed the maximum amount of tax on such property imposed in the tax year in which

such taxpayer reaches age sixty-five (65); and

(3) Any taxpayer who is sixty-five (65) years of age or older who

purchases residential property as the taxpayer's principal place of residence after the

taxpayer's sixty-fifth birthday shall pay taxes in an amount not to exceed the maximum

amount of tax imposed on such property in the tax year in which such property is

purchased.

(b) Whenever the full market value of such property is increased as a result of

improvements to such property after the time the ordinance or resolution is adopted, then

the assessed value of such property shall be adjusted to include such increased value and

the taxes shall also be increased proportionally with the value.

(c) Any taxpayer or taxpayers who own residential property as their principal

place of residence whose total or combined annual income, or wealth exceeds an amount

to be determined by the general assembly shall not be eligible to receive the tax relief

provided in subsection (a) or (b).

 

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09-21-08