Catoosa County faces tax hike amid soaring property values

During a recent meeting, the Cadusa County Board of Assessors addressed significant changes in property valuations that have led to a notable increase in local taxes. On June 18, the board voted four to one to reassess residential and commercial property values, resulting in an average increase of 30% for residential properties. This decision comes after a previous year where property values were not accurately assessed, leading to a 7% tax increase to cover a budget shortfall.

Board chairman Larry Black highlighted the importance of regular assessments, noting that the failure to adjust property values in 2022 contributed to financial challenges for the county. The board's decision to maintain the previous year's values was deemed a misstep, prompting the current reassessment.

The discussion also compared Catoosa County's property value increases to neighboring Walker County, which has experienced more gradual increases of 14%, 24%, and 27% over the past two years. In contrast, Catoosa County has seen a staggering 50% rise in property values within the same timeframe, raising concerns among residents about the sustainability of such rapid growth and its implications for local taxation and services.