RED BANK, Tenn. — Red Bank officials went before Hamilton County commissioners Wednesday asking for financial assistance after an audit revealed they had been shortchanged by thousands of dollars.
That error was due to a miscalculation in property taxes by the Assessor of Property.
Some commissioners wanted to help with the revenue loss, but the proposal to give the city an interest-free loan ultimately failed.
The issue stems from Hamilton County’s 2025 countywide property reappraisal, which required the Assessor of Property to calculate a new certified tax rate (CTR) for each local government, including Red Bank…