Chattanooga is home to approximately 90,000 residential properties, with research indicating that about 25,128 of these are mortgaged. For these homeowners, property taxes—let’s say, averaging an estimated $2,500 annually in combined city and county rates, these are typically bundled into monthly mortgage payments via escrow. This structure offers convenience, but it also obscures the actual weight of the tax burden.
When you do the math, those 25,128 mortgaged homes represent a staggering ... more