WHY IS REAPPRAISAL NECESSARY?
The State of Tennessee mandates the Hamilton County Assessor to conduct reappraisals
every four years. Tennessee Code Annotated 67-5-1601 provides for periodic reappraisal
and equalization of all real property in Tennessee. Reappraisals allow the Assessor
to adjust property values so that every property in Hamilton County is appraised
at fair market value. A reappraisal eliminates the inequities created over time
by changes in the real estate market, ensuring fairness and equity for all property
owners. The last reappraisal occurred in 2013 and the next reappraisal is scheduled
for 2017. Property owners are notified by mail of their reappraisal value.
Between reappraisal cycles the Assessor’s staff:
• Visually inspects all property in Hamilton County so that the Assessor’s assessment
records reflect each property’s actual characteristics, such as: square footage,
story height, exterior wall type, garage, carport and detached buildings.
• Verifies all property transfers as they occur in the market place. Appraisers
verify each sale in order to ensure it is an arm’s length transaction. These verified
sales are recorded in a sales file to compare to properties of similar size, age,
location and description to help establish fair and equitable property values.
CERTIFIED TAX RATE
State law also protects property owners from paying more than their fair share of
property tax because a reappraisal has occurred. It provides for adjusting the tax
rate to a level that would bring in the same amount of revenue county wide as before
reappraisal, excluding new construction. This is called the certified tax rate,
and it prevents local governments from experiencing a financial “windfall” in reappraisal
years at the expense of property owners.
A team of appraisers makes every effort to ensure that all unique characteristics
of a property are considered in establishing fair market value. When property owners
have a concern regarding their appraisal or classification and do not agree with
the Assessor’s value, they should request an Informal Review.
WHAT IF PROPERTY OWNERS DO NOT AGREE WITH THEIR
The appraisers for the Hamilton County Assessor’s office make every effort to ensure
that all unique characteristics of a property are considered in establishing fair
market value. When property owners have a concern regarding their appraisal or classification
and do not agree with the Assessor’s value, they should request an informal review.
To initiate an informal review please contact the Assessor’s office at
423-209-7300. Informal reviews must be requested prior to May 20th.
The Informal review is an opportunity for the property owners to share information
with the Assessor’s office in order for their property values to reflect fair market
To assist in the Informal Review, property owners should submit documentation that
supports their opinion of the value of the property in question. Examples of such
• Sales prices of similar properties in the immediate area within the last three
• Recent private appraisal.
• Photos of the property
• Any other information the property owners believe will assist appraisers in analyzing
the property’s fair market value.
You will be notified by mail regarding the results of your 2017 Informal Review.