WZTV Top Stories


WGNS Radio

The Weather Channel: National Weather Outlook

Friday, August 19, 2011

LaVergne In Top 20!

Money magazine has selected the 25 most affordable places to live and La Vergne, Tennessee is No. 13 on the list.

According to the August article published by CNN Money, residents who live in these 25 growing towns see their incomes go the furthest. The article stated, that La Vergne has many attractions. Boaters and fishermen are drawn to the 14,000-acre Percy Priest Lake for recreation, parents to the highly-rated schools and everyone finds the low taxes here hard to resist.

While the June decision to increase the tax rate, along with additional water and sewer fees, has not been without local controversy, the city remains very affordable on a national scale. CNN Money lists the median home price at $106,400 and the median family income at $64,043, so the city is viewed nationally as very affordable.

Time magazine recently reported the most expensive place to live is Passaic County, New Jersey because the annual property tax burden is $7,939, or 9.7 percent of the median income of $82,038. By comparison, La Vergne property taxes for a $106,400 house would be $923 p/year (including city and county taxes), or 1.4 percent of the median income of $64,043

No comments:

Post a Comment