Posted: Jul 18, 2008 9:33 am
Very high property taxes? I hear this all the time, and I don't really buy it. I'm going to check into it...
My combined city and county tax rate is 7.4732%.
According to a quick read of "Metropolitan Areas" at Effective Property Tax Rates
(first result found googling average property tax rate
, the low, high and avg tax rate for the sampled areas are 2.48%, 26.43%, and 11.49%.
So, for the areas sampled, Memphis is rather low.