
The Oak Ridge City Council raised the trash pickup fee by $3.50 during a special budget meeting on Monday, July 27, 2015, and the Council set aside an extra $260,000 for capital projects such as buildings and schools. (Photo by John Huotari/Oak Ridge Today)
The Oak Ridge City Council will have a second and final meeting on Monday, August 3, to adopt the new property tax rate of $2.52.
The previous tax rate had been $2.39 per $100 of assessed value, so the new rate is 13 cents higher than the old one.
The new tax-neutral rate provided by Tennessee officials went up because overall property assessments went down in Anderson and Roane counties in the five-year reappraisals completed this year. Since property assessments went down in those two counties, the tax-neutral rate went up in the counties and cities within them, including Clinton, Norris, Oliver Springs, and Rocky Top.
Oak Ridge is the only one of those seven governments that, as of now, does not plan to increase its property tax rate beyond the tax-neutral rate. With the help of some last-minute changes, Oak Ridge officials were able to balance the budget in a way that doesn’t require a local increase in the property tax rate. And the budget still proposes 2 percent pay raises for municipal workers and Oak Ridge Schools teachers and staff. [Read more…]







