Metropolitan Government of Nashville and Davidson County
Comprehensive Annual Financial Report
Analysis of the Composition of Rates of Tax Levy
Ten Year Summary

Unaudited - See Accompanying Accountants' Report


        General Services District   Urban Services District  
       
 
 
Fiscal
Year		       Total
GSD
Rate		   GSD
General
Fund		   General
Purpose
School Fund		   GSD Debt
Service
Fund		   School
Debt Service
Fund		   Total
USD
Rate		   USD
General
Fund		   USD Debt
Service
Fund		  
     
 
 
 
 
 
 
 
 
1989-90     $ 3.48 $ 1.81 $ 1.24 $ 0.43 $ n/a $ 1.33 $ 1.18 $ 0.15  
 
1990-91          3.48      1.81      1.24      0.43      n/a      1.33      1.18      0.15  
 
1991-92       3.48   1.76   1.29   0.43   n/a   1.33   1.18   0.15  
 
1992-93       3.48   1.76   1.29   0.43   n/a   1.33   1.18   0.15  
 
1993-94   (1)  (2)   3.38   1.83   1.01   0.43   0.11   1.12   0.99   0.13  
 
1994-95       3.38   1.83   1.01   0.43   0.11   1.12   0.99   0.13  
 
1995-96   (3)     3.38   1.79   1.01   0.47   0.11   1.12   1.00   0.12  
 
1996-97       3.38   1.79   1.01   0.47   0.11   1.12   1.00   0.12  
 
1997-98   (4)     3.17   1.59   0.96   0.49   0.13   0.95   0.84   0.11  
 
1998-99   (5)     3.29   1.58   0.96   0.50   0.25   0.95   0.84   0.11  
 
Tax rates are per $100 of assessed valuation. Payments may be made in two equal installments, the first not later than October
31st in the year of assessment and levy, the second by February 28th of the following year without penalty.
 
(1)   In fiscal year 1993-94 the combined GSD-USD tax rate was reduced from $4.81 to $3.76 per $100 of assessed value.
Also, the levy for fire protection service was changed from $.16 to $.12 per $100 assessed valuation in fiscal year
1993-94. The reduction in the rates of tax levy between fiscal year 1993 and fiscal year 1994 was the result of a
State mandated reappraisal valuation of property in Davidson County. Such rate reduction, when applied against the
reappraised valuation of all taxable property, could not result in a material increase in property tax revenues to the
Metropolitan Government when compared with the revenues of the immediately preceding fiscal year. Subsequent to
the rate reduction for reappraisal, the property tax rate was increased to $4.50.
 
(2)   Beginning in fiscal year 1993-94 the School Debt Service Fund was included in those funds which receive property
tax revenue.
 
(3)   In fiscal year 1995-96, the GSD and USD property tax rate was reallocated among the funds receiving property
tax revenue.
 
(4)   In fiscal year 1997-98 the combined GSD-USD tax rate was reduced from $4.50 to $3.58 per $100 of assessed value
Also, the levy for fire protection service was changed from $.12 to $.10 per $100 assessed valuation in fiscal year
1997-98. The reduction in the rates of tax levy between fiscal year 1997-98 was the result of a
State mandated reappraisal valuation of property in Davidson County. Also in fiscal year 1997-98 the combined
GSD-USD tax rate was increased from $3.58 to $4.12 per $100 of assessed value. The net reduction in the fiscal
year 1997-98 GSD-USD tax rate was from $4.50 to $4.12.
 
(5)   In fiscal year 1998-99 the combined GSD-USD tax rate increased $0.12 per $100 of assessed value, to be applied
toward school debt service. Also $0.01 was reallocated from GSD General Fund to GSD Debt Service.
 

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