Bradley County Mayor D. Gary DavisCLEVELAND, Tenn. – Bradley County’s certified tax rate has increased by almost 2 percent as a result of a state-mandated reappraisal.
The new rate, which is $1.8254 per $100 of assessed value, is a 3.34 cent increase on the old rate of $1.792. The new rate is intended to offset expected revenue losses from decreases in property value.
“State law says that you can’t bring in more or less revenue due to a reappraisal — it’s got to be revenue neutral,” Bradley County Mayor D. Gary Davis said.
The county had a 2 percent decrease in property values overall, he said.
County commissioners approved the state-certified rate in a 12-1 vote Monday, with Commissioner Jeff Yarber opposing.