MARCH 3, 2008
DID YOU KNOW THAT THERE ARE OVER 15,000 PIECES OF PROPERTY IN SHELBY COUNTY THAT PAY ZERO PROPERTY TAXES. HERE IS THE LIST.
I have shown attached the list of NO TAX properties as of 2004 here in Memphis and Shelby County. The long list is arranged alphabetically and a large number of the properties are churches and governmental properties. Churches seem to be a very large business if the number of them is any indication. Generally only the sanctuary is excluded from taxes but there are a number of other exemptions for schools and other purposes and these are detailed in the Tennessee Code and can become very complicated. Obviously no operation by churches should compete with the tax paying private sector.
In the shorter selected list attached I have deleted those names that are obviously religious or governmental properties and left those other properties that pay no taxes. Also I have arranged them in decending order of property assessment. You will recognize by the addresses some very prominent pieces of property around town and in the county. As I have time, I will check out these properties to see why they are paying no taxes and report back.
Click here to see those properties that pay no property taxes as of 2004 in Memphis and Shelby County. Look at the addresses and the market appraisals
Click here to see the full list of property tax exempt properties in Memphis and Shelby County as of 2004
DID YOU KNOW THAT THERE ARE OVER 15,000 PIECES OF PROPERTY IN SHELBY COUNTY THAT PAY ZERO PROPERTY TAXES. HERE IS THE LIST.
I have shown attached the list of NO TAX properties as of 2004 here in Memphis and Shelby County. The long list is arranged alphabetically and a large number of the properties are churches and governmental properties. Churches seem to be a very large business if the number of them is any indication. Generally only the sanctuary is excluded from taxes but there are a number of other exemptions for schools and other purposes and these are detailed in the Tennessee Code and can become very complicated. Obviously no operation by churches should compete with the tax paying private sector.
In the shorter selected list attached I have deleted those names that are obviously religious or governmental properties and left those other properties that pay no taxes. Also I have arranged them in decending order of property assessment. You will recognize by the addresses some very prominent pieces of property around town and in the county. As I have time, I will check out these properties to see why they are paying no taxes and report back.
Click here to see those properties that pay no property taxes as of 2004 in Memphis and Shelby County. Look at the addresses and the market appraisals
Click here to see the full list of property tax exempt properties in Memphis and Shelby County as of 2004
posted by watchdog at
8:22 AM
1 Comments:
Pretty incredible! There were some churches and nonprofits on there, though. Still, pretty amazing to see how FedEx doesn't seem to pay much in the way of property taxes. Yikes! I know they make huge investments in the community, but I wonder to what degree those investments are offset by tax abatements and credits.
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Anonymous, at 4:58 PM
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