Collierville’s municipal property tax rate will likely go unchanged heading into the 2020-21 fiscal year.
Town staff has recommended that the current rate of $1.83 per $100 of assessed valuation be maintained through the next 12 months.
The Board of Mayor and Aldermen was scheduled to discuss the matter on first reading Tuesday night during its regularly scheduled meeting.
Finance Director Mark Krock said the rate is “adequate to support the budget being proposed.”
A public hearing on the matter is scheduled for June 8. The town did not increase the rate for the 2019-20 fiscal year “despite weak revenue growth and the rising costs of goods and services.”
However, the Board approved a 20-cent property tax increase in 2018, representing the second largest tax increase in the town in more than 20 years.
In related news:
Board members were scheduled to accept more than $16,000 in donations from Collierville Cares that have been dedicated to the Collierville Animal Shelter.
Collierville Cares hosted a fundraiser in February to raise money for the shelter’s future outdoor off-leash area.Greg Clark, the town’s Parks and Recreation director, said the area will be a “great amenity to the shelter, as it allows our shelter staff and volunteers the opportunity to provide shelter animals a place that they can play, exercise and socialize outdoors.”
Adopting families will also be able to engage with the dogs in an outdoor environment. Collierville Cares hosted an 80s themed adult prom at the Quonset on Feb. 29 to help offset costs for the park.
Collierville Cares is a local group of friends and neighbors helping to fulfill needs within the community and beyond. The group was founded in 2016 when one of the group leaders organized a collection to send candy, snacks, games and basic toiletries to Collierville troops that were stationed overseas during the holidays.
Since then, the group has worked on many projects together including organizing a network to host Cop Stops, assembling sponsors and volunteers for Feed the Fire program, co-hosted an appreciation luncheon with Collierville Christian Church for the first responders of Collierville and Shelby County, and raised funds to purchase accident recreation equipment for CPD.
For more information, call 901.268.4499 or email ColliervilleCares@gmail.com.