Red Bank losing $1M after mistake made calculating new tax rate, special meeting held Tuesday

Red Bank Commissioners and residents gathered for a special meeting Tuesday evening to discuss a mistake Hamilton County's Assessor of Property made when calculating the city's new certified tax rate. That estimate is passed through various hands before it’s signed off, and that’s one of the reasons why commissioners expressed their frustration.

"Frankly, I just have to say I'm disgusted with this whole situation,” says Hollie Berry, Vice Mayor of Red Bank.

Mayor Stefanie Dalton of Red Bank describes the situation as “a gut punch, quite frankly. It was very upsetting and continues to be.”

In Hamilton County, the certified tax rate (CTR) is reassessed every four years and uses the previous year’s total property tax rate in that calculation. So, when calculating this new certified tax rat