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Commission passes Resolution 2024-46 asking Tennessee legislature to share half of real-estate transfer tax with counties
Summary
Bradley County lawmakers unanimously approved Resolution 2024-46 on Dec. 16 requesting that the 114th Tennessee General Assembly allocate half of the real-estate transfer tax to the county where collected, citing rising costs and constrained local revenue options.
The Bradley County Commission unanimously adopted Resolution 2024-46 at its Dec. 16 regular meeting, asking the 114th Tennessee General Assembly to allocate one half of the state real-estate transfer tax to the county where the tax was collected on a recurring basis.
The resolution, entered into the county record and attached to the meeting minutes, argues that although local governments collect the transfer-tax receipts, the revenue is remitted to the state and not returned to the jurisdictions where the transactions occurred. It notes county reliance on property taxes to fund mandated services, the strain of inflation and staffing costs on county budgets, and population growth that increases demand for infrastructure and services.
The text of the resolution states: "The County of Bradley hereby requests that one half of the tax collected pursuant to Tennessee Code Annotated 67-4-409 be shared with the County where collected on a recurring basis." The resolution directs the chairman of Bradley County’s legislative body and the county clerk to forward the adopted resolution to the county’s members of the Tennessee General Assembly.
Commission minutes show no recorded opposition to the motion and record the resolution as adopted; the county clerk’s office will transmit the certified resolution to state legislators as directed in the motion.
