Tag Archives: Garry

Payday loan firm avoids taxes after buying building from state

A prominent business owner and political fundraiser has not paid property taxes on his corporate headquarters in at least eight years, reports WTVF-TV.
Garry McNabb is the CEO and owner of Cash Express LLC, which has locations across the South. He has contributed tens of thousands of dollars to democratic and republican candidates. The corporate office of Cash Express LLC. is in Cookeville.
But Putnam County property records have listed the office building as being owned by the state of Tennessee — which is exempt from all property taxes.
No one has paid property taxes on the building since McNabb and three others bought it in 2004.
NewsChannel 5 Investigates asked McNabb “Why haven’t you paid property taxes on that property?”
McNabb responded, “Because the state has never sent me a bill.”
The property deed shows McNabb and others bought the building, which used to be an unemployment office, from the state of Tennessee.
But neither McNabb nor his partners registered the deed, so the building kept appearing on the tax rolls as state property.