Oak Ridge property tax bills were sent out, and payments are due without penalty by October 31.
The tax statements should have been received by September 1, the City of Oak Ridge said.
The city received the certified tax rate—or tax-neutral rate—from Tennessee this summer and adopted the $2.52 rate without changing it. That’s in contrast to other surrounding city and county governments, including Anderson and Roane counties.
Problems in Roane County’s re-assessments delayed the city from setting the tax rate and sending out tax bills when expected. But those problems were resolved as of August 3.
The new tax-neutral rate went up in Oak Ridge because total property assessments went down in Anderson and Roane counties. The tax-neutral rate is meant to bring in the same amount of revenue after a five-year reappraisal as before. [Read more…]