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Knox County trustee reports strong investment returns, outlines tax-sale plans and tax‑freeze process
Summary
Knox County Trustee Justin Biggs reported $3.86 million in first‑quarter interest income (excluding ARPA), a Raymond James portfolio at $50.4 million, and announced the Tax Sale moved to June 2 and a April 5 tax‑freeze application deadline; he offered district‑level freeze counts on request.
Justin Biggs, Knox County trustee, told the Finance Committee that the county’s trustee accounts (excluding the ARPA account) earned $3,860,836.97 in interest in the first quarter of fiscal year 2026. He said the county has a favorable contract with FirstBank that took effect Feb. 1, 2026, with a rate of 3.52%.
Biggs also reported progress in the county’s investment portfolio at Raymond James, saying the account had grown to $50,400,000 with an average yield of 4.11% and that Raymond James had earned $766,481.90 in interest…
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