STATE MANDATED PROPERTY REAPPRAISAL
Bradley County Assessor of Property Stanley Thompson announced today that
Bradley
County has recently completed its state mandated reappraisal program. Notices will be mailed April 3, 2009. State law requires that all property be periodically reappraised at market value. The 2009 reappraisal process will mark the first time that the reappraisal has been completed by the local Assessor’s staff. However, the State of
Tennessee did monitor the reappraisal to ensure that the local Assessor’s office did abide to the guidelines set by the Tennessee State Board of Equalization.
Bradley
County last reappraised in 2005.
Assessment change notices will be mailed to all property owners with a change in assessed value. The notice will be titled "TENNESSEE ASSESSMENT CHANGE NOTICE". The new appraisal is the estimated fair market value of your property as of January 1, 2009.The new appraisals have been determined using real estate sales that occurred during 2008. All factors of the ever changing real estate market have been considered, including foreclosures and the declining market. The previous assessment was determined by real estate values from 2005.
A new appraisal does not necessarily mean a property tax increase. A new Certified Tax rate will be determined by the State Board of Equalization, T.C.A. 67-5-1701.
Tennessee’s Certified Tax Rate law is intended to prevent a revenue windfall for the county after a mass reappraisal. It requires the tax rate be decreased to produce the same amount of revenue as the previous year. For example,
Bradley
County’s total revenue from property tax was approximately $37,000,000 for tax year 2008, so the 2009 tax rate must be decreased to generate the same amount of revenue as the year before. During the last reappraisal in 2005, the
Bradley
County tax rate was lowered from $2.18 to $2.02 per $100 of assessed value. Any rate other than the Certified Tax Rate must be approved by the Bradley County Commission or the Cleveland City Council.
Generally, the appraisal and assessment of a property do not change in the years between reappraisals. However, properties which have changed during a non-reappraisal year (such as those that have been added onto or been damaged or had a change in use, such as, from residential use to commercial use) may require a change in appraised value, assessed value, and/or classification. When any of these changes occur, whether during an appraisal or non-appraisal year, an Assessment Change Notice is mailed.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
Generally, the appraisal and assessment of a property do not change in the years between reappraisals. However, properties which have changed during a non-reappraisal year (such as those that have been added onto or been damaged or had a change in use, such as, from residential use to commercial use) may require a change in appraised value, assessed value, and/or classification. When any of these changes occur, whether during an appraisal or non-appraisal year, an Assessment Change Notice is mailed.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
A new appraisal does not necessarily mean a property tax increase. A new Certified Tax rate will be determined by the State Board of Equalization, T.C.A. 67-5-1701.
Tennessee’s Certified Tax Rate law is intended to prevent a revenue windfall for the county after a mass reappraisal. It requires the tax rate be decreased to produce the same amount of revenue as the previous year. For example,
Bradley
County’s total revenue from property tax was approximately $37,000,000 for tax year 2008, so the 2009 tax rate must be decreased to generate the same amount of revenue as the year before. During the last reappraisal in 2005, the
Bradley
County tax rate was lowered from $2.18 to $2.02 per $100 of assessed value. Any rate other than the Certified Tax Rate must be approved by the Bradley County Commission or the Cleveland City Council.
Generally, the appraisal and assessment of a property do not change in the years between reappraisals. However, properties which have changed during a non-reappraisal year (such as those that have been added onto or been damaged or had a change in use, such as, from residential use to commercial use) may require a change in appraised value, assessed value, and/or classification. When any of these changes occur, whether during an appraisal or non-appraisal year, an Assessment Change Notice is mailed.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
Generally, the appraisal and assessment of a property do not change in the years between reappraisals. However, properties which have changed during a non-reappraisal year (such as those that have been added onto or been damaged or had a change in use, such as, from residential use to commercial use) may require a change in appraised value, assessed value, and/or classification. When any of these changes occur, whether during an appraisal or non-appraisal year, an Assessment Change Notice is mailed.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
Bradley County Assessor of Property Stanley Thompson announced today that
Bradley
County has recently completed its state mandated reappraisal program. Notices will be mailed April 3, 2009. State law requires that all property be periodically reappraised at market value. The 2009 reappraisal process will mark the first time that the reappraisal has been completed by the local Assessor’s staff. However, the State of
Tennessee did monitor the reappraisal to ensure that the local Assessor’s office did abide to the guidelines set by the Tennessee State Board of Equalization.
Bradley
County last reappraised in 2005.
Assessment change notices will be mailed to all property owners with a change in assessed value. The notice will be titled "TENNESSEE ASSESSMENT CHANGE NOTICE". The new appraisal is the estimated fair market value of your property as of January 1, 2009.The new appraisals have been determined using real estate sales that occurred during 2008. All factors of the ever changing real estate market have been considered, including foreclosures and the declining market. The previous assessment was determined by real estate values from 2005.
A new appraisal does not necessarily mean a property tax increase. A new Certified Tax rate will be determined by the State Board of Equalization, T.C.A. 67-5-1701.
Tennessee’s Certified Tax Rate law is intended to prevent a revenue windfall for the county after a mass reappraisal. It requires the tax rate be decreased to produce the same amount of revenue as the previous year. For example,
Bradley
County’s total revenue from property tax was approximately $37,000,000 for tax year 2008, so the 2009 tax rate must be decreased to generate the same amount of revenue as the year before. During the last reappraisal in 2005, the
Bradley
County tax rate was lowered from $2.18 to $2.02 per $100 of assessed value. Any rate other than the Certified Tax Rate must be approved by the Bradley County Commission or the Cleveland City Council.
Generally, the appraisal and assessment of a property do not change in the years between reappraisals. However, properties which have changed during a non-reappraisal year (such as those that have been added onto or been damaged or had a change in use, such as, from residential use to commercial use) may require a change in appraised value, assessed value, and/or classification. When any of these changes occur, whether during an appraisal or non-appraisal year, an Assessment Change Notice is mailed.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
Generally, the appraisal and assessment of a property do not change in the years between reappraisals. However, properties which have changed during a non-reappraisal year (such as those that have been added onto or been damaged or had a change in use, such as, from residential use to commercial use) may require a change in appraised value, assessed value, and/or classification. When any of these changes occur, whether during an appraisal or non-appraisal year, an Assessment Change Notice is mailed.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
A new appraisal does not necessarily mean a property tax increase. A new Certified Tax rate will be determined by the State Board of Equalization, T.C.A. 67-5-1701.
Tennessee’s Certified Tax Rate law is intended to prevent a revenue windfall for the county after a mass reappraisal. It requires the tax rate be decreased to produce the same amount of revenue as the previous year. For example,
Bradley
County’s total revenue from property tax was approximately $37,000,000 for tax year 2008, so the 2009 tax rate must be decreased to generate the same amount of revenue as the year before. During the last reappraisal in 2005, the
Bradley
County tax rate was lowered from $2.18 to $2.02 per $100 of assessed value. Any rate other than the Certified Tax Rate must be approved by the Bradley County Commission or the Cleveland City Council.
Generally, the appraisal and assessment of a property do not change in the years between reappraisals. However, properties which have changed during a non-reappraisal year (such as those that have been added onto or been damaged or had a change in use, such as, from residential use to commercial use) may require a change in appraised value, assessed value, and/or classification. When any of these changes occur, whether during an appraisal or non-appraisal year, an Assessment Change Notice is mailed.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
Generally, the appraisal and assessment of a property do not change in the years between reappraisals. However, properties which have changed during a non-reappraisal year (such as those that have been added onto or been damaged or had a change in use, such as, from residential use to commercial use) may require a change in appraised value, assessed value, and/or classification. When any of these changes occur, whether during an appraisal or non-appraisal year, an Assessment Change Notice is mailed.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.
If a property owner wishes to discuss their new assessment, they should follow the directions listed on the assessment change notice by calling 423-339-0721. The reappraisal staff will field questions beginning April 6th and end on April 24th. Property owners will be notified by mail of the outcome of their request. The hearing site is located at
393 Broad Street NW. Walk-in customers and property owners with a scheduled appointment can meet with a representative from the reappraisal staff beginning April 16th.
The Assessor’s office located at the Courthouse Annex will refer all appeals to the Reappraisal hearing site. Also, due to limited staff, the Assessor’s office located at the Courthouse Annex will be closed for lunch between the hours of 11:30 and 12:30.It is the goal of the Assessor’s office to arrive at a fair market value and also be fair and equitable to all property owners.