Red Bank Plans To Exceed Certified Tax Rate With 5% Hike

Red Bank Plans To Exceed Certified Tax Rate With 5% Hike

Red Bank property tax hike likely

RED BANK, Tenn. (WDEF)- Red Bank property owners may soon see a property tax increase. This is in response to the soon to be certified tax rate across Hamilton County. Red Bank city manager Martin Granum says the average property in Red Bank saw its value rise by nearly 60 percent. However, both the city and the county are not allowed to keep their previous tax rate, and the county will have to reset its rate lower to offset the rise in property…