The Metro Council will consider a resolution tonight asking for the Davidson County legislative delegation to support a bill that would enable county governments to impose their property transfer tax on top of the tax currently collected for the state.
Currently, counties levy a tax of 37 cents per $100 of sold property on property transfers, the bulk of which is sent to the state. State Rep. Tommy Head (D-Clarksville) is sponsoring the legislation. If approved, counties could levy their own 37 cents on real estate transfers and use the money for schools. Typically, the seller pays the bulk of a property transfer tax.