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Lookout Mountain, Tn., Will Have 5% Tax Increase After Losing Hall Income Tax Wednesday, May 26, 2021 - by Gail Perry Residents of the town of Lookout Mountain, Tn. will see a five percent increase in their property taxes for 2022. Reappraisals were done throughout Hamilton County this year and the value of homes in Lookout Mountain, Tn. increased an average of 17 percent. The reappraised values are sent to the state which sets a certified tax rate for the town which should offset the increase. However, without other sources of revenue, Lookout Mountain, Tn. now relies upon property tax...

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 prov...

Lookout Mountain, Tn., To Resume Some Paving Projects Wednesday, January 13, 2021 December was a strong month for property taxes received, said Samantha VanAlstyne, assistant treasurer for Lookout Mountain, Tn. During the month, the town received $947,000 in property tax payments and $430,000 in back taxes. The annual contribution from the PTA in the amount of $97,850 was also paid. Expenses included the purchase of five sets of thermal imaging equipment for the fire department in the amount of $2,635. Mayor Walker Jones said that now the paving fund is building up enough to get some pa...