The Board of Commissioners in Nolensville, Tennessee, convened on May 29, 2025, to discuss key financial metrics impacting the town's revenue generation. A significant focus of the meeting was the comparison of Nolensville's property and sales tax rates with those of neighboring cities.
Nolensville, with a population of approximately 17,000, has a municipal property tax rate of $0.29, which is on par with Brentwood but lower than Franklin's rate of $0.32. In contrast, Farragut has no property tax, while other cities like Dyersburg have rates nearing $2.50. The discussion highlighted the importance of property tax as a revenue stream, alongside sales tax and state-shared taxes.
Sales tax collections were a critical point of analysis, revealing that Nolensville generates only $2.7 million in sales tax revenue. This figure is significantly lower than that of nearby cities, such as Mount Juliet and Brentwood, which each collect around $23 million, and Franklin, which collects approximately $63 million. The stark contrast in sales tax revenue was attributed to Nolensville's limited commercial development compared to its neighbors, many of which benefit from prime retail locations and larger commercial bases.
The meeting also included a comparison of the geographical sizes of Nolensville and other cities, noting that Nolensville spans 10.6 square miles. This size is smaller than many surrounding areas, which may impact its ability to attract commercial enterprises.
Overall, the discussions underscored the challenges Nolensville faces in enhancing its revenue streams through sales tax, particularly in light of its competitive landscape. The Board of Commissioners acknowledged the need for strategic planning to bolster Nolensville's economic growth and improve its financial standing in comparison to neighboring municipalities.