CLARKSVILLE, TN (CLARKSVILLE NOW) – The 2025 hospital boom has been a windfall of great news for Clarksville, with Ascension Saint Thomas and TriStar both building hospitals here, and Vanderbilt University Medical Center announcing it will buy the Tennova hospital. But that silver cloud has a grey lining, in the loss of about $2 million in local property tax revenue.
At Wednesday morning’s Industrial Development Board meeting, Montgomery County Property Assessor Erinne Hester informed the board that unlike for-profit Tennova Healthcare, Vanderbilt is an education-based nonprofit, so the hospital likely won’t be subject to property tax after VUMC buys it.
So how much could be lost in taxes? Tennova had a 2025 county property tax liability of just over $1.45 million, and a city liability of just over $637,000, adding up to $2 million in local revenue per year, Hester told Clarksville Now.
Will Vanderbilt hospital in Clarksville pay property taxes?
While VUMC hasn’t applied yet for tax-exempt status for its pending purchase of Tennova, Hester expects them to…