NOLENSVILLE, Tenn. (WKRN) — Nolensville leaders have considered increasing property taxes to help keep up with the town's rapid growth.

The increase would be up from $0.29 per $100 assessed to $0.55 per $100 assessed. Town Manager Victor Lay said that because of Nolensville's rapid population growth, the Town began discussions on how to keep up with increased infrastructure demands.

“With our elected officials, we began a discussion with them about a five-year plan,” Lay explained. “For the town to grow to meet the needs of what we need to do today and to grow incrementally in order to meet the needs that we will have in four to five years — here's what the funding mechanism is [and] here's how much money it's going to take."

Lay told News 2 that the majority of taxes would go towards funding Nolensville's police and fire departments. Several Nolensville residents were at the town's Monday night work session and weighed in on the proposed hike.

"If we don't do it now, we're going to end up doing it sooner or later — and I would rather take it all in one bite and get it settled,” Nolensville resident Terry Adams said.

However, other residents like Rob Verell said they're concerned about how the tax hike could affect small businesses.

"We have a lot of small businesses — a lot of mom-and-pop shops," Verell said. "I'm concerned about how they'll be affected, what costs they're going to incur and what they'll ultimately pass onto others.”

Nolensville commissioners have not approved the property tax rate hike increase — yet. A second and final reading on the proposed tax increase will be held on June 5.

News Source : https://www.wkrn.com/news/local-news/nolensville-residents-weigh-in-proposed-property-tax-rate-hike/