Budget hearing on proposed $8.3M property tax increase Monday June 10th at 5 PM

The Blount County Budget Committee will hold its annual budget hearing meeting on Monday June 10th at 5 PM in room 430 at the courthouse.

The proposed budget will increase the amount of property tax collected from the businesses and citizens of Blount County by approximately $8.3 million over the current budget.

The increase is due to the proposed budget including a tax rate of $2.47 rather than the certified rate of $2.25.  The value of a penny in the current budget is $347,000 but under the reappraisal the penny will be worth $378,000, meaning that property owners will be taxed $8.3 million more in the new (proposed) budget.

One thought on “Budget hearing on proposed $8.3M property tax increase Monday June 10th at 5 PM

  1. The Blount County Commission voted 19-2 for the fourth property tax increase in the last twelve years during the County Commission Meeting on 06-20-2019. Only commissioners James Hammontree and Joe McCulley voted against the property tax increase.

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