In some of Chattanooga’s lowest-income neighborhoods, rocketing property values are a sign of the times.
East Lake and Alton Park both saw home values, on average, more than double as a result of this year’s county reappraisals.
Appraisers set the new values based on sales over the past four years.
As home prices have risen across the region, older neighborhoods like those, where homes have been historically undervalued, are now catching up to recent sales, Hamilton County Assessor of Property Marty Haynes said.