Property values dropping in the Memphis area known as Shelby County has resulted in a drop of all around revenue drops for the region. Appraisal values are calculated and updated in four year intervals, and this year marked the time for Shelby County reappraisals, in addition to Hickory Hill, Whitehaven, and South Memphis residential and commercial properties.

Re-certified property tax rates are reflective of the property appraised within the area, and the findings seem to reflect the lagging recovery to the market fallout of 2008. Lower tax rates on property will be detrimental in the long term because it will amount to a lesser county revenue collection, and it is the first year in quite a while that the county has failed to see either a maintaining of current rates or a growth in property tax. The overall drop in fee collection will amount to approximately 5 percent less revenue for the county. The Germantown movers have learned that the tax rate specifically dropped to $4.02.