Elizabethton Residents Could Be Paying More In Property Taxes Next Year. The City Council Is Considering Raising The Taxes In 2019-20 Fiscal Year By Six Cents Per 100 Dollars Of Assessed Value. The City Rate Would Be $1.85. When You Combine The City Rate And The County Tax Rate Together, Folks Will Be Paying $4.32 Per 100 Dollars Of Assessed Value.