Jimmie Covington’s blog post from last Thursday began with these paragraphs:
“Shelby County had a better than usual growth in its property tax base this year, according to assessed value figures reported by Property Assessor Melvin Burgess’ office.
“The certified tax roll figures sent by the Assessor’s Office to county government, cities and towns on April 20 show a $209.7 million countywide assessed value increase from 2018, the largest non-reappraisal year increase since sometime before 2010.
“Governments apply their property tax rates to each $100 of assessed value to bring in property tax revenue.
“The countywide increase in 2017, a reappraisal year, was almost $2.1 billion. That value growth was accompanied by a reduction in tax rates designed to prevent the governments from receiving a windfall in revenue from the higher values put on properties by the once-every-four-years reappraisal.”
We were interested in determining where the growth was taking place, and the following is what we came up with:
Percentage of Increase in Each City:
+ 3.6% – Arlington
+ 3.4% – Bartlett
+ 1.9% – Lakeland
+ 1.4% – Unincorporated Shelby County
+ 1.1% – Shelby County (entire county)
+ 0.9% – Collierville
+ 0.8% – Memphis
+ 0.5% – Germantown
minus 0.2 – Millington
Percent of County’s Total Assessed Value by City:
100% – Shelby County (entire county)
60.2% – Memphis
10.0% – Unincorporated Shelby County
9.2% – Collierville
8.7% – Germantown
7.1% – Bartlett
1.9% – Lakeland
1.9% – Arlington
1.0% – Millington
Increased Assessed Value Per Square Mile:
1,639,995 – Bartlett
571,690 – Collierville
465,533 – Arlington
383,819 – Germantown
308,983 – Memphis
294,978 – Lakeland
274,927 – Shelby County (entire county)
90,885 – Unincorporated Shelby County
minus 6,627 – Millington
Increased Assessed Value Per Capita:
915.4 – Arlington
746.5 – Bartlett
537.7 – Lakeland
327.5 – Collierville
264.3 – Unincorporated Shelby County
224.2 – Shelby County (entire county)
196.3 – Germantown
149.6 – Memphis
minus 28.8 – Millington