Soddy Daisy Considering Property Tax Increase Of Just Under 10 Cents

  • Tuesday, July 25, 2017

Soddy Daisy officials are considering a property tax increase of just under 10 cents per $100 of assessed valuation.

 

A possible vote on the increase is set for the next meeting of the Soddy Daisy Commission on Aug.

3 at 7 p.m.

 

The current tax rate is 1.3524, but the new certified rate after the recent reappraisal is 1.2559.

 

Janice Cagle, city manager, said, "Our board is considering the possibility of leaving our rate at 1.3524, which is a little less than .10 cents.

 

"By way of explanation, for years the city accepted the certified rate and our tax rate reduced from 1.00 to 0.68 over time.  Then we were so far behind that we had two increases in a three-year period that in effect doubled the rate to 1.3524. This is where we are today."

 

Breaking News
Get Emailed Headlines From Chattanoogan.com; Like Us On Facebook, Twitter For Instant News
  • 5/6/2024

We send out headlines each week day of the latest Chattanooga news. Our news headlines have links that take you to the stories with a click. We also send out special emails if there ... more

Latest Hamilton County Arrest Report
  • 5/6/2024

Here is the latest Hamilton County arrest report: BEACH, CHRISTY LYNN 8315 OAK FOREST LANE HIXSON, 37343 Age at Arrest: 37 years old Arresting Agency: HC Sheriff DRIVING UNDER THE ... more

Latest Hamilton County Arrest Report
  • 5/5/2024

Here is the latest Hamilton County arrest report: ALLEN, DYLIN T 8150 BLUEGILL CIR OOLTEWAH, 37363 Age at Arrest: 19 years old Arresting Agency: HC Sheriff DRIVING WHILE IMPAIRED, ... more