Lookout Mountain Residents To Be Hit With Possible 5% Property Tax Increase

Lookout Mountain Residents To Be Hit With Possible 5% Property Tax Increase

Image Credit: Canva The Tennessee Conservative Staff – Lookout Mountain residents will see an increase in property tax rates to help provide a cushion for a planned paving project. The certified tax rate for this reappraisal year was initially set at $1.55 for every $100 of assessed property value. After the first reading of a proposed increase, commissioners voted in favor of raising that to $1.63 per $100 of value. This eight-cent raise equals…