Hamilton County Mayor Jim Coppinger this morning called on the Hamilton County Commission to maintain the current millage rate, a de facto tax increase for residents.
In a news release, Coppinger said retention of the rate taxpayers now pay on their property assessments will provide needed funding for economic development, education, public safety and infrastructure.
At a news conference outside the Hamilton County Courthouse, the mayor said the recently approved balanced budget for fiscal year 2018 does not contain a property tax increase. That makes it the tenth consecutive year Hamilton County property owners have not seen a tax increase on their property.
Coppinger called on the County Commission to maintain its current property tax millage rate at $2.7652, saying, “Tomorrow, I will present two resolutions to the County Commission relating to the millage rate: The first will be to reduce the county’s millage rate to the certified tax rate of $2.4976. This resolution is a result of the every-four-year property reappraisal process and is required by the State of Tennessee. The second resolution will be to reset the millage rate back to $2.7652. This will be an increase of 26.76 cents.”
Under recent reappraisals, Hamilton County residents could see an average 9 percent property tax increase.