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The previous property tax rate for Memphis residents was $2.70. Memphis residents pay both city and county taxes and pay the most in property taxes in all of the state.
Memphis Mayor Paul Young's first budget proposal also includes money for Memphis-Shelby County Schools and salary increases for city employees. Memphis mayor proposes 75-cent property tax hike ...
The Hall income tax was a Tennessee state tax on interest and dividend income from investments. [1] It was the only tax on personal income in Tennessee, which did not levy a general state income tax. The tax rate prior to 2016 was 6 percent, applied to all taxable interest and dividend income over $1250 per person ($2500 for married couples ...
Over the next year property tax revenues collapsed, and the city could not make payments on its municipal debts. As a result, Memphis temporarily lost its city charter and was reclassified by the state legislature as a Taxing District from 1878 to 1893. [ 35 ]
The city of Memphis is split between two congressional districts. The western three-fourths of the city, including downtown, is within the Ninth Congressional District, which has been represented by Democrat Steve Cohen since 2007. Cohen was the first white Democrat to represent a significant portion of Memphis in more than 40 years.
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City Retirees over the age of 65 now have to pay 100% of their health insurance premiums. [26] On October 8, 2015, A C Wharton lost his re-election campaign for a second term as Memphis Mayor and conceded to Jim Strickland, former city councilman. He only obtained 22,199 votes as compared to Strickland's 41,829.
The Memphis City Council approved Memphis Light, Gas & Water's $1.3 billion budget Tuesday evening. The utility plans to hire 36 people in 2025.
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