Note: This story was updated at 8:51 a.m.
It’s still not clear how property reappraisals in Roane County will affect the Oak Ridge property tax rate, so the City Council on Monday deferred a vote on the budget until Monday, June 15.
Council had been scheduled to consider the budget in the first of two readings on Monday (June 8). Council was expected to consider the budget on second and final reading on June 15.
But the five-year property reappraisals in Roane County are not yet complete, and it’s not clear when they will be. Officials said property assessments there are likely to go down as they have in Anderson County, where they’ve fallen 4 percent.
An overall drop in property values could require an increase in the tax rate because the revenues after the reappraisals have to remain the same as they were before. [Read more…]












