Oak Ridge Today

Council to consider budget on Monday, Tuesday

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They postponed a budget vote for one week, and the Oak Ridge City Council on Monday and Tuesday will resume those discussions. So far, the debate has included calls to raise the property tax rate to fund certain programs and other recommendations to keep the rate unchanged—or even lower it.

The budget will be discussed during a non-voting work session at 5 p.m. Monday, June 15, in the Oak Ridge Municipal Building Training Room. The Council could then vote on it in the first of two readings this month during a 7 p.m. meeting in the Municipal Building Courtroom.

Council will then discuss the budget in a second work session at 6 p.m. Tuesday, June 16, in the Multipurpose Room at the Central Services Complex on Woodbury Lane. [Read more…]

Gooch: Main Street No. 1 priority, gives updates on National Park, reappraisals, airport

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Main Street Oak Ridge Site Plan April 16, 2015

Oak Ridge Mayor Warren Gooch on Tuesday said his number one priority for the community is the successful development of Main Street Oak Ridge, which would redevelop the former Oak Ridge Mall. Pictured above is a cropped picture of the Main Street Oak Ridge site plan as of April 16. A link to a larger PDF version of the plan is included in the story below.

 

Note: Oak Ridge Mayor Warren Gooch gave an update on positive developments and challenges during a talk to the League of Women Voters of Oak Ridge on Tuesday, May 5. Here is a lightly edited version of his remarks, which organized the positive developments and challenges into sections. Gooch was appointed mayor by the seven-member Oak Ridge City Council on November 24. This is his first four-year term on the City Council.

It is a distinct privilege for me to serve as your mayor, but I always preface my remarks by saying that I am not speaking today for Council or for the city manager. I have one vote on Council, but I do consider myself to be the chairman of the board of directors for the city.

In that capacity, as I enter my sixth month of service as mayor, I want to share my thoughts about positive developments in our city, discuss near-term challenges that we face, share the results that I have from the community survey that I have been conducting, and leave time for your questions and comments.

First. My number one priority for our community is the successful development of Main Street Oak Ridge (which would redevelop the former Oak Ridge Mall), and it is moving forward. Last week, Crosland Southeast announced that MDC Development Group of Atlanta will be the hotel developer for the project. MDC is also a major developer in the senior housing industry and 15 months ago opened Canterfield Oak Ridge Assisted Living. It has been very successful and well-received in our community.

I was advised yesterday (Monday, May 4) that the retail leasing component of the Main Street project is moving forward, as are the negotiations with a developer for the multi-family housing component of the Main Street project. Groundbreaking and demolition for Main Street is on schedule to begin by June 30. [Read more…]

Property values decreasing, some Oak Ridge homes selling for much less than appraised values, county board says

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Anderson County Aerial View

An aerial view of Anderson County north of Oak Ridge.

Anderson County property values are decreasing to less than about 85 percent of their appraised values, and Oak Ridge appears to have several types of property that are selling for much less than their state appraisals, including older, low-priced homes and high-priced, high-quality homes, officials said.

All land tracts in the county also appear to be selling for much less than their state appraisals, the Anderson County Board of Equalization told Anderson County Mayor Terry Frank and county commissioners in a July 15 letter.

The board said the Oak Ridge properties selling for much less than their appraised values include low-priced homes built during the Manhattan Project era in World War II and high-priced, high-quality homes that are now unaffordable for most working-class employees. The Oak Ridge properties, as well as land tracts in Anderson County, appear to be selling at about 70 to 85 percent of the state appraised values. [Read more…]

Guest column: Trying to set the record straight on the property tax rate

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Online comments by local citizens in response to some recent guest columns about city and county budgets and taxes have revealed some mistaken notions about the way property tax rates are established in Tennessee cities and counties. I want to set the record straight regarding a couple of misconceptions about property tax that I see being spread in recent public discussions.

On the Oak Ridge Today website, citizen Andrew Howe posted a comment saying:

“The property tax rate should NEVER have to increase. It is basically a percentage of the value of the home, right? And if the value of the home rises (as it should, in line with the cost of living), then the taxes will also rise.”

I can’t quarrel with Mr. Howe’s logic, but his conclusions are wrong. This is because he makes an assumption that is valid in many states but isn’t valid in Tennessee.

Under Tennessee law, when properties are reappraised, state officials calculate—and publicize—the property tax rate that will give the local government the same total amount of property tax that it was getting from existing properties before the reappraisal. (This calculated rate is called the “certified tax rate.”) That’s the new baseline tax rate. If a local government in Tennessee wants to get more property tax revenue after a reappraisal, the governing body has to vote to increase the tax rate above the certified rate. [Read more…]