Data centers had little impact on Memphis home prices, assessor reports
A study from the Shelby County assessor of property shows Memphis property values and rent have been unaffected by data centers, lining up with national trends.
There are 17 article(s) tagged Javier Bailey:
A study from the Shelby County assessor of property shows Memphis property values and rent have been unaffected by data centers, lining up with national trends.
New Shelby County Assessor Javier Bailey said he and other county assessors are working on legislation to tax data centers differently than they’re currently assessed.
There are now six proposals compared to the three plans — including a one-year moratorium on new data centers — on the table three weeks ago.
Also in the political roundup, Blackburn talks about affordability, Hagerty’s letter as Jack Smith testifies in the insurrection case, and the difficult mechanics of write-in voting.
Assessor Javier Bailey Sr. says empty Downtown office towers and lost tourism spending are shrinking the county’s tax base. He is planning a November summit to build a five-year strategy.
“We have got to come up with some means of keeping our tax base steady and, likewise, growing and developing our city,” the incoming Shelby County property assessor said. “Otherwise, we’re going to look like Gary, Indiana.”
Monday’s resolution could eventually result in a list of basic questions and cost options — but it probably won’t be until a new county mayor and commission take office.
When Shelby County commissioners began their budget retreat, the outlook for tough financial decisions in the upcoming budget season was as gloomy as the persistent rain and overcast skies outside the Memphis Zoo’s Teton Trek lodge.
For the second time in four years, the state mandated an appeals allowance that was too high, according to the county assessor’s office. This means the property tax rate has to come down.
Bill Morris, who died July 25 at 92, was the longest serving Shelby County mayor since the office was created. And Javier Bailey is set for next year’s Democratic primary for assessor.
A top aide to Shelby County Property Assessor Melvin Burgess says opposition to a two-year reappraisal cycle among the county’s seven mayors two years ago has changed as local governments take a revenue hit on sales ratio calculations.
The state Board of Equalization approved Wednesday, Oct. 13, keeping the four-year cycle after Shelby County Assessor Melvin Burgess Jr. changed his recommendation for a two-year cycle late last week to whichever one the state board preferred.
The Shelby County tax assessor said on “Behind The Headlines” that Germantown homes reflect an increase in values in this year’s reappraisal despite 2019 flooding in some parts of the city. He also discussed a change in the valuation of commercial property and his call for a reappraisal every other year.
About two-thirds of the new property values, done once every four years, have been mailed. The reappraisal starts a complex and political process across all of the local governments in Shelby County that ends with setting new property tax rates.Related story:
The notices are drawing fire from a county commissioner after the commission approved $180,000 more in funding last month for the direct mail piece. The assessor’s office says it is Melvin Burgess’ way of “owning” the process.
The Orange Mound Initiative task force continued to define its plan to improve economic conditions in the neighborhood, and the transfer of Land Bank properties is seen an important early step.
For-profit St. Francis will take $2 million in county taxes away when it leaves and Methodist takes over.
About 17 results