The rate is currently set at $.20 per $100 of assessed value.
Property values in the city and throughout Sevier County increased during the most recent round of appraisals. The certified rate should keep property owners paying about the same total to the city.
State law requires that local governments complete regular reappraisals of property values, but provides protections to keep that from turning into an increase in the total taxes paid by property owners.
The certified tax rate, or âtruth in taxationâ law calls for cities and counties to hold public hearings before they approve a tax rate that would generate more revenues after a reappraisal â the same process they would follow for raising the tax rate.
The two new buildings would be located on unused property near the American Eagle Foundation.
The need for affordable housing for workers in the area has been a concern in Sevier County for years â including the need for J1 workers who come here on temporary visas and supplement the workforce during busy seasons.
âItâs pleasing to see a big company like that take control of that and provide housing for employees,â Commissioner Tony Kyker said. âItâs a big problem.â
The planning commission also approved plans Monday for an outdoor axe throwing area and pedal car rental area.
The plans called for a covered, walled area on the developmentâs front green where people can toss axes, and a pedal car rental that would include a riding area on the Mountain Mile property. The cars would not be allowed on public roads.