Nashville’s booming economy and real estate market offer great opportunities for small businesses and investors to grow and thrive. However, as a property owner in the city—whether of residential or commercial real estate—one disadvantage you need to face amid the growing economy is rising property taxes.
The average property tax bill in the city has increased by more than 50% over the past decade, and many homeowners are struggling to keep up with the rising costs. Commercial property owners pay some of the highest property taxes in the country, which can make it difficult for businesses to remain competitive.
The good news is, with the help of your CPA firm, you can find some relief by carefully navigating Nashville’s property tax process.
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