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 prov...
Source: chattanoogan.com