Hamilton County rolls out reappraisal process impacting property tax calculations

The City of Red Bank, Tennessee, held a work session on April 15, 2025, focusing primarily on the implications of the ongoing property reappraisal process in Hamilton County. The meeting began with a discussion on how residents can calculate their residential property taxes, emphasizing the importance of understanding assessed values versus total values.

A city representative explained that residents can access their property information through the Hamilton County GIS website, which provides detailed maps and reports. The representative noted that many homeowners in the area have experienced significant increases in property values, with some reporting increases as high as 59.6%.

The session highlighted that 2025 is a reappraisal year for Hamilton County, occurring every four years. Notifications regarding property assessments have already been sent out, and residents are currently in the appeal period. The city is awaiting new tax rate notifications from the Hamilton County Assessor of Property, which are expected in the coming weeks. Until then, the current tax rate of $1.67 will be used for budget planning.

The discussion also covered the concept of a certified tax rate, which is established annually as part of the budget process. The representative clarified that the new tax rate will be calculated to ensure revenue neutrality, meaning it will aim to generate the same amount of revenue as the previous year despite changes in property values.

While the exact new tax rate remains unknown, it is anticipated to be lower than the current rate of $1.67. The representative mentioned that anecdotal evidence suggests property values in Red Bank may have increased even more than the county average of 60%.

In conclusion, the meeting underscored the importance of understanding property assessments and the tax implications for residents. The city will continue to monitor the situation and provide updates as new information becomes available regarding the tax rates and property assessments.