6 Tenn. counties see real property values decrease - WMC Action News 5 - Memphis, Tennessee

6 Tenn. counties see real property values decrease

WAVERLY, Tenn. (AP) - A half dozen Tennessee counties saw real properties values decrease with reappraisals this year.

Among them is Humphreys, a rural county about an hour west of Nashville with only about 19,000 residents.

Humphreys County Executive Jessie Wallace told WPLN-FM (http://bit.ly/nZfnMq ) that the loss of the Tennessee Valley Authority's New Johnsonville steam plant is contributing to the problem.

Employees are moving out of the county and many homes are for sale.

To make the county's $35 million budget, voters agreed last week to increase the sales tax in Humphreys to the state maximum. The county commission also passed a 32-cent property tax increase earlier this week.

Other counties that saw property values decline this year are DeKalb, Jackson, Meigs, Sevier and Wilson.

 

Information from: WPLN-FM, http://www.wpln.org/

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