Mayor Davis discusses county property appraisal updates and tax rate certification timeline

In a pivotal meeting on May 8, 2025, the Bradley County Finance Committee focused on the ongoing property reappraisal process and its implications for local tax rates. Stanley, the county assessor, provided an update on the reappraisal efforts, revealing that approximately 2,700 properties had been reviewed as part of the appeals process. He emphasized the importance of addressing citizen inquiries regarding appraisal notices, which have generated significant public interest.

The committee discussed the necessity of adopting a certified tax rate, which is expected to be calculated by mid-June. This rate will reflect the outcomes of the current reappraisal cycle, which occurs every four years. Stanley noted that while property values may rise, the county's revenue from property taxes will remain stable due to adjustments in the tax rate. He explained that the county cannot benefit from increased appraisals, as any rise in property values will lead to a corresponding decrease in the tax rate to maintain consistent revenue levels.

In addition to the appraisal updates, the committee also heard from representatives of Volunteer Energy Cooperative (VEC), who reported on the progress of broadband initiatives in the county. VEC is working on multiple projects aimed at expanding high-speed internet access, with several areas nearing completion. The representatives highlighted the importance of state grants in funding these projects and expressed optimism about future funding opportunities.

The meeting concluded with discussions on various budget amendments, including funding for local schools and infrastructure projects. The committee approved several amendments aimed at reallocating funds to address immediate needs, such as HVAC repairs in county facilities and enhancements to public safety services.

Overall, the meeting underscored the county's commitment to transparency in the reappraisal process and the ongoing efforts to improve infrastructure and services for residents. The anticipated outcomes from the reappraisal and broadband initiatives are expected to significantly impact the county's financial landscape in the coming months.