Base property tax rates have been set for municipalities across Hamilton County.
The rates were lowered across the board following historic increases in home values across the county. State law requires the rates to go down if home values increase during reappraisal years, so governments don’t receive additional revenue without taking a public vote on a tax increase.
“The point of the certified tax rate is that through a reappraisal cycle, government is revenue-neutral,” County Mayor Weston Wamp said last week. “Across the board, there’s not more revenue automatically as a result.”
(READ MORE: Hamilton County home values spike, sparking tax concerns)
Tax rates
Here are the new tax rates, compared to last year’s and 2021, when the most recent round of reappraisals occurred. Rates in cities and towns are still subject to change by local governments as they finalize their budgets.