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CITY OF BARTLETTCOMMUNITY DASHBOARD |
Status Indicators for Most Recently Reported Results: On Target | Caution | Below Plan | No Information
| Actual | Target | Results for |
Goal:
Maintain financial stability by having a low government debt-to-assessed value ratio.
| 4.58% | 6.00% | 2025 |
Definition
Debt to assessed valuation is a financial ratio that measures a government entity’s debt level in relation to its property value. Along with other key fiscal metrics, debt to assessed values can provide a useful indication of a government's debt burden and highlight its current fiscal condition.
Analysis
The government debt-to-assessed values ratios vary by state and municipality. The University of Tennessee Institute for Public Service suggests that the overall net debt should not exceed 10 percent of the assessed value. Consequently, the less debt as a percentage of municipal debt to assessed values, the better positioned a community is to repay its debts. The City of Bartlett aims to stay below the recommended amount by keeping its rate under 6%. The City was below that mark in Fiscal Year 2022, 2023, and 2024. In addition, the City did not issue any debt in Fiscal Year 2025, and as additional debt fell off, this ratio dropped to 4.58% by year-end.
