We're #2....We're #2............
Last week, the FBI released it's annual crime report, and low & behold...Memphis is #2 in the nation in violent crime.
King Willie's answer...more po-lice...and of course....more property tax.
Under the new plan, a person owning a $150k home in Memphis will now pay about $1500 a year in property tax. That's on top of the $1000 they pay in County property tax. So for a small 3 bedroom home in Memphis, you get to pay a grand total of $2,500 a year in taxes. That's more than I'm paying for my 5 bedroom, 1 acre, $300k in Desoto county.
One has to wonder how much it would have helped if they had that $6m from the parking garage, or all the other monies I've discussed before.
Keep it up Willie....it's only helping my property values!
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