Wednesday, August 30, 2006

Pigeon Forge Raises Property Taxes 17%

Pigeon Forge Raises Property Taxes 17%

Like many Tennessee Cities and Counties, Pigeon Forge used a re-appraisal to raise property taxes by keeping the rate the "same" as last year, before the new appraisals. State law requires taxing jurisdictions to lower the tax rate after a re-appraisal to a new "certified" rate. Once this new lower certified rate is established then it can be increased after a public hearing.

When you use the old higher rate and the new higher appraisals, you are increasing tax bills by the amount of the value increase.