It stands to reason that a state without an income tax will need to find revenue somewhere, but it may alarm Tennessee residents that this state has had the largest average annual property tax increase between 2019 and 2025 of any state.
We’re sure Red Bank residents, who have seen three property tax increases in five years, are at this point saying, “Hold my beer.”
Despite pressures to do otherwise, both Chattanooga and Hamilton County proposed no property tax increases for fiscal year 2027.
According to a recent Wall Street Journal article on property tax trends, Tennessee’s average annual property tax increase over the six-year period has been 75%. That is a double-digit lead over the No. 2 state, Colorado.
Over the same period, only one state — Texas — saw a decrease in its average annual property tax percentage change.