Mayor proposes tax cut in new Shelby County budget

Shelby Co. mayor pitches 20% cut in property taxes in 2026 budget, the lowest rate in nearly 30 years

Mayor Harris presented a $1.7 billion budget to the Shelby County Commission on Wednesday. That’s up from last year’s $1.6 billion budget.

Harris proposes lower property tax rate, $5 wheel tax hike

Shelby County Mayor Lee Harris says his budget proposal for the new fiscal year will reduce the county property tax rate by 20% and raise the county wheel tax by another $5.

Shelby County Mayor Lee Harris proposes property tax rate cut

Mayor Harris proposed a 66-cent cut to Shelby County's property tax rate, bringing it from $3.39 to $2.73.

Mayor proposes tax cut in new Shelby County budget

MEMPHIS, Tenn. — Shelby County Mayor Lee Harris presented his $1.7 billion budget to county commissioners on Wednesday, and he says it may mean a tax cut for homeowners. The plan does not call for a property tax increase. In fact, Harris is urging commissioners to slash the property tax rate by 20%.  The current property tax rate is $3.39 per $100 of assessed value. Harris proposes a new rate of $2.73, a 66-cent reduction. If approved, Harris sa…