'I've just ruined their lives': Nashville bar owner's property tax bill soars from $129K to $589K

[Yo_Mama_Been_Loggin]

With no income tax, Tennessee can seem like an attractive option for American families — and businesses — looking to lower costs. However, as the Financial Times reports, a resulting boom in the state's capital, has driven up sales and property tax.

Tom Morales, owner of Nashville's Acme Feed & Seed, told the news outlet that when he opened the property tax bill for the four-floor music venue this past October, he was shocked to see it had gone from $129,000 a year to $589,000.

"You just open up the envelope and say, 'What? This can't be right,'" said Morales, who had wanted to leave the business to his children. "Having a business you can give to your kids is something you dream about. I was like, 'Oh my God, I've just ruined their lives.'"

"We were thinking it would go up 30, 40 percent; I could never have imagined it was going to go up 380 or 400 percent," added his daughter, Lauren.

https://finance.yahoo.com/economy/policy/articles/ive-just-ruined-lives-nashville-130500215.html