The Cumberland County Commission has passed a Resolution requesting the 114th Session of the Tennessee General Assembly allocate one-half of the real estate transfer tax to the county where the tax was collected, on a recurring basis. According to Cumberland County Mayor Allen Foster’s Mayor’s Notes, the Association of County Mayors, the Tennessee County Commissioners Association, and the Tennessee County Services Association have all voted to request that the State of Tennessee share the revenue generated from the real estate transfer tax with the originating county. This tax of $0.37 per $100 of value has been collected for years by employees in the Cumberland County Register of Deeds Office. All of the tax collected by county funded employees is then remitted to the state. The resolution requests that half of this tax be returned to the county collecting it. The resolution was approved unanimously.
The 114th Tennessee General Assembly will convene at noon (CST) on Tuesday, January 14, 2025.