Tax rate will stay at $1.83

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Collierville’s municipal property tax rate will go unchanged heading into the 2020-21 fiscal year. 

The town’s Board of Mayor and Aldermen recommended that the current rate of $1.83 per $100 of assessed valuation be maintained through the next 12 months. 

Finance Director Mark Krock said the rate is “adequate to support the budget being proposed.” 

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. 

Town officials also listened to Superintendent Gary Lilly present the proposed Collierville Schools budget.

Related News: 
King S. Johnson has been named to the town’s Planning Commission. 

Mayor Stan Joyner noted on Monday night that Johnson will fill the 2020 term, previously held by Justin Mitchell.Mitchell was appointed by Joyner last December.Due to scheduling conflicts, Mitchell was unable to attend three consecutive meetings. 

Town Code states that “all appointed members of the Planning Commission shall serve a one year term that will expire on Dec. 31 of each calendar year or until their successors are appointed.

Members shall beremoved from membership for three or more absences from regular scheduled meetings in a consecutive 12month period.

Any vacancy in the appointive membership shall be filled for the unexpired term by the Mayor.”

Johnson serves on the Home Owners Association for Collierville Gardens and the Collierville Tourism Board. He has a bachelor’s degree in political science from Arkansas State University.