Red Bank Outlines "Belt Tightening Strategy" To Deal With Certified Tax Rate Error

Red Bank Outlines "Belt Tightening Strategy" To Deal With Certified Tax Rate Error

Red Bank presents 'belt tightening' measures in wake of tax mishap

RED BANK, Tenn. (WDEF)-The city of Red Bank unveiled a plan to deal with a nearly million dollar budget shortfall. Red Bank financial officials say now is the time for  ‘Belt Tightening.” This is after the tax snafu following this year’s appraisals, which saw the average value of a Hamilton County home rise by 57 percent. However, certified tax rates from 2021 were applied to Red Bank homeowners, which were not the rates from 2025. This led to t…