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Collierville, Germantown lead county in realty tax collections

Lenoir

Collierville and Germantown had the highest percent of realty tax collections in the county during the 2015-16 fiscal year.

According to Shelby County Trustee David Lenoir, collections in both municipalities were higher than 99 percent and combined for more than $121 million.

Less than $528,000 is due in Collierville and less than $509,000 remains due in Germantown. Memphis had the lowest collection rate at 95 percent. Collections for the county and its seven municipalities stood at a combined $642.4 million, with $21.9 still due.

Personalty tax collections stood at over 95 percent in Collierville and Germantown and combined for $3.2 million.

Lenoir addressed the Collierville Board of Mayor and Aldermen Monday night during their regularly scheduled meeting.

“I’d like to thank the tax payers for making my job a whole lot easier,” he said, calling the collection rate outstanding.

At $10.7 million, Lenoir said sales tax revenue for the 2015-16 fiscal year was up 4.3 percent in Collierville. At $6.1 million, Germantown’s was up 10.5 percent from the 2014-15 fiscal year.

Bartlett and Memphis were also up more than 6 percent, at $9.6 and $120.6 million, respectively.

Speaking on the local housing market, Lenoir said residential sales are up nearly 9 percent in Shelby County through June, with the median sale amount up 3 percent.

“Going into 2017, which is a reappraisal year,” he said, “the economy in the county is improving and real estate is growing.”

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