Reappraisal of Properties

• Tennessee Code Annotated 67-5-1601 provides State mandated reappraisal and equalization of all real property in Tennessee.
• These reappraisals help eliminate inequities created over time by changes in the real estate market, ensure fairness and equity for all property owners.
• Hamilton County Reappraisals are every four(4) years with our last one being in 2021.

Between Reappraisal Cycles

Between reappraisal cycles the assessor of property and their 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 Reappraisal Value?

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.

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 value. 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 documentation include:

• Sales prices of similar properties in the immediate area within the last three years.
• 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.
• Hospitality properties need to fill out this HOTELS & MOTELS form for the prior 3 fiscal years.
• All other Commercial or Industrial properties need to fill out this COMMERCIAL & INDUSTRIAL form for the prior 3 fiscal years.

Informal reviews must be requested prior to May 20th.

You will be notified by mail regarding the results of your informal review.
INFORMAL REVIEW REQUEST FORM
You may also request a review by contacting the Assessor’s office at 423-209-7300 between the hours of 8:00 a.m. and 4:30 p.m., Monday through Friday.