Tag: real estate
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Rate vs. Reality: The Real Math of Property Taxes
Explaining how property tax works is difficult at best. Today, in two separate publications from Tennessee and Virginia, I saw articles detailing rate changes. One was in Radford, Virginia, the other in Kingsport/Sullivan County, Tennessee. The articles state that Radford will increase it’s tax rate by almost 20% to $0.92, while Sullivan County’s preliminary certified…
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Move To Kingsport Monthly Report – April 2025
Kingsport is rapidly emerging as a nationally recognized relocation destination, with new data showing sustained and widespread interest from across the United States. In April 2025 alone, 50 families relocated to Kingsport from 16 different states—an average of 2.5 new families per workday. These new arrivals weren’t limited to nearby areas; families came from as…
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A Matter of Perspective: Housing, History, and Kingsport’s Future
We hear a lot about housing affordability these days. The real challenge is distinguishing between national trends that affect everyone and local conditions that vary by community. Our perception of the data is shaped not just by statistics but also by our age and lived experiences. I once knew a Realtor who entered the market…
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Unlocking Economic Growth: New Housing’s Impact on Sales Tax Revenue
I was recently asked about the fiscal impact of a typical housing development on Kingsport’s sales tax revenue. Let’s consider a recent development with 77 single-family homes and 16 condos, totaling 93 units. Assuming a median price of $350,000 per home, a buyer would need an income of approximately $80,628 to afford this with a…
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Move to Kingsport – January 2025
The Move To Kingsport program was one of several initiatives launched following the 1999 Economic Summit. It was among five non-traditional economic strategies designed to help the city navigate significant downsizing in domestic manufacturing, a sector crucial to Kingsport’s industrial heritage. The other four strategies focused on higher education (notably a downtown campus), tourism (including…
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Is Kingsport Growing or Dying?
I know I’m a city planning geek who thinks way too much about this stuff, but have you ever wondered what the “right size” for a city really is? Of course, the answer depends on individual preferences. But even if you find a city that feels like the perfect fit, how can you be sure…
Kingsport Spirit 