A local citizens group collected 20,000 signatures to challenge Nashville’s 34% property tax increase and put a tax rollback election before voters. The Metro Election Commission will verify if all 20,000 signatures are valid. If they are, there will be a referendum on December 5.
The proposed “Nashville Taxpayer Protection Act” seeks to cap Metro Council property taxes at 2% annually without voter approval. It also calls for:
Voter approval for any bonds totaling more than $15 million for city projects, excluding schools, libraries, healthcare buildings, and public safety projects.
Prohibiting the city from giving away land valued at $5 million or more without the support of all council members.
Any groups receiving $250,000 or more in public funds be subject to open record laws.
Requiring any Nashville pro sports facility or related commercial development to “revert to the people” if no games are played for more than 24 months.
If the December 5 election is held, it will come after property tax bills are mailed in early to mid-October. Taxes are due in February.