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Finance director explains state 'multiplier' after residents and board members report confusing tax bills
Summary
The committee discussed the state multiplier applied when assessed values deviate from levels required by the state; officials emphasized the multiplier adjusts assessed values and tax rates so taxing districts receive requested levy amounts, and several board members said the resulting tax bills are confusing to property owners
Davidson County officials walked the finance committee through how the state multiplier affects property tax bills after several members and residents reported confusing increases.
The finance director said the county provides levy requests in November, and the county clerk compiles requests from all taxing districts. If the state determines assessed values are below required levels (the meeting referenced the typical 33 1/3 percent standard), the state applies a multiplier so the taxing…
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