Monday, December 24, 2007

88 of 95 TN cnties have NOT implemented tax freeze

Link

Low-income seniors in 88 of Tennessee's 95 counties won't get their property taxes frozen this year because most city and county governments have yet to approve a freeze.

Only seven counties — two in Middle Tennessee — have approved the tax help for their senior homeowners.

A constitutional amendment that voters approved more than a year ago allowed counties and cities to vote to freeze property taxes for homeowners 65 and older with lower incomes. The state legislature this year approved the general guidelines that must be followed.

But most counties and municipalities are waiting, either because officials want to have all the details worked out first or because of concerns over future tax losses.