Property Taxes

Buying your first home is an exciting milestone—but it also comes with a new set of responsibilities. One of the most important (and often overlooked) costs of homeownership is property taxes. If you’re a first-time homebuyer, understanding how property taxes work can help you plan your budget and avoid surprises down the road.

What Are Property Taxes?

Property taxes are local taxes paid by homeowners based on the assessed value of their property, which includes both the land and any structures on it. These taxes are typically collected by your city, county, or municipality and are used to fund local services like public schools, police and fire departments, road maintenance, and libraries.

How Are Property Taxes Calculated?

The amount…

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National Park City

Our gorgeous city has recently achieved a remarkable distinction: it is now North America's first National Park City! This designation, awarded by the National Park City Foundation, "recognizes urban areas that integrate nature into the fabric of city life, promoting outdoor living, environmental stewardship, and cultural appreciation".

The path to this achievement was a community-driven effort that spanned several years. The campaign began with a vision to celebrate, elevate, and conserve the unique people, places, civic spirit, and cultures of Chattanooga and the Tennessee River Valley. The National Park City charter was developed with input from over 75 community leaders. This charter outlined seven core commitments:

  1. Unrivaled Access to…

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