Thursday, August 31, 2006

Bedford Cnty keeps new, lower certified property tax rate of $2.27

Bedford County reappraised all the property in the county this year. As required by State law, the property tax rate was reduced by 50 cents from $2.77 to $2.27 as a result of the re-appraisal. The County Commission chose to leave the rate at the new, lower certified rate.

This means that you could move from a $250k house in Davidson County to a $250k house in Bedford County and save $1,106.25 each year in property taxes.

Davidson $250k x 25% assessment rate x $4.04 per $100 of assessed value = $2,525.00
Bedford $250k x 25% assessment rate x $2.27 per $100 of assessed value = $1,418.75