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Lookout Mountain Bracing For Closing Of Ochs Highway Extension For 6 Weeks Starting Around May 1

Lookout Mountain Bracing For Closing Of Ochs Highway Extension For 6 Weeks Starting Around May 1
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Lookout Mountain, Tn., Property Values Up 17% In 4 Years

Lookout Mountain, Tn., Property Values Up 17% In 4 Years
Thursday, April 15, 2021 - by Gail Perry
Residential property in Lookout Mountain, Tn. has increased in value an average of 17 percent over the last four years, Hamilton County Assessor of Property Marty Haynes told town commissioners at the April commission meeting.

Reappraisals are done every four years and are based on comparable sales. Reappraisals do not cause a tax increase, he said, because as value goes up, the tax rate will be lowered to make the reappraisal revenue neutral.

The state of Tennessee will provide a certified tax rate to the town by late June or early July. The tax rate of $1.83 per $100 of assessed value has been effect since 2017. Mr. Haynes said if someone disagrees with the re-evaluation, an appeal can be made by providing the assessor’s office with evidence such as comparable sales or something about the property that is unknown. ....

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