Murray County officials are poised to implement significant changes to local taxation following a recent government meeting. A resolution was introduced to cease the existing adequate facilities tax by the end of business on October 31, 2024, and replace it with a new privilege of development tax under the County Powers Relief Act, effective November 1, 2024.
The proposed tax structure will charge $1.50 per square foot for residential developments and for commercial properties up to 150,000 square feet. Notably, developers who have already secured building permits and paid the current adequate facilities tax will be exempt from the new tax.
Commissioner Jeter emphasized the importance of this resolution, stating it represents a significant step forward for Murray County, despite not fully meeting their initial request for parity with Williamson County's tax rights. He expressed hope for swift passage through the required two consecutive county commission meetings.
Commissioner Howard, representing the ad hoc growth committee, noted that the committee unanimously recommended the resolution, highlighting its advantages over the current tax structure. However, Commissioner Sumner expressed a more cautious view, acknowledging improvements but suggesting they may not be as substantial as others claimed.
The resolution requires a two-thirds majority vote at two consecutive meetings to be enacted, with the first vote having taken place during this session. The discussions reflect a broader effort to adapt local tax policies to better support development while addressing community needs.