Franklin could see first property tax increase in 27 years - WSFA.com Montgomery Alabama news.

Franklin could see first property tax increase in 27 years

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FRANKLIN, TN (WSMV) -

City leaders in Franklin are set to consider what could be the city's first property tax increase in 27 years.

The current tax rate of 37 cents per $100 of assessed value has been in place since the late 1980s.

The proposal on the table now would raise the rate to 41 cents. But even with the increase, it would still be lower than neighboring cities.

The Board of Mayor and Aldermen meet Tuesday at 7 p.m. at Franklin's City Hall. Tuesday's vote is just the first of three needed to pass the new tax rate.

Copyright 2014 WSMV (Meredith Corporation). All rights reserved.

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