Masthead for Roane Assessor
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Taxpayers have a right to know about the reappraisal process
Tennessee law mandates each county to perform periodical reappraisal of taxable property every four, five or six years to restore equity in the appraised value of properties.Roane County selected the five year cycle, and this year marks the end of the cycle which started after the last  reappraisal effective on January 1, 2005.

The video series introduced here is intended to help taxpayers understand how Tennessee's ad valorem tax system works and why and how the 2010 reappraisal was accomplished. It also explains the assessor's role  in the overall property tax system, how a certified tax rate law protects property owners after a reappraisal and where to call or go if you disagree with your notice of assessment.

The videos are linked at top just below the masthead. Please give them time to download; it may take a minute or two, depending on your internet service connection speed, but we think you will find them worthwhile.

To watch them in a player which enables you to control the video -- pause/play, forward/back, select a scene from thumbnails, and set sound volume -- use the links near the bottom of the page.


The Division of Property Assessment in the Office of the State Comptroller of the Treasury met with all counties performing mass reappraisal projects this year and provided a presentation. It included a section on "Recent Market Trends and Economic Conditions," which we have converted to a video available here: DPA


Assessor of Property Teresa Kirkham says that once again the axiom that real estate is one of the best and safest investments has been proven true in most of Tennessee and particularly in counties in east Tennessee.  While the national news media talked only about the problems in the housing markets as if every market was devastated, Tennessee saw substantial increases in property values, but did not succumb to the problems of the sand states -- California, Arizona, Nevada and Florida where the mortgage crisis erupted.

"It depressed every market in terms of the number of sales," she said. "The erosion of consumer confidence in the overall housing market scared many potential buyers out of buying during that period when excesses at the nation's largest financial institution keyed a recession.

"The problems at the banks and mortgage companies also made money for loans scarce, so people just adopted a wait and see attitude, and who can blame them?"

The assessor said the State Division of Property Assessments in the Comptroller of the Treasury Office, found that with the exception of Memphis, jurisdictions faced with reappraising last year still saw gains averaging 20% to 40% within their markets after deducting a downturn that lasted a little more than a year.

"The statistics compiled by the Tennessee Housing Development Authority showed that Roane County was one of the most stable markets and actually started rebounding earlier than most," Kirkham said.  "Since all most people heard or read from national media was how the bottom dropped out in some of the major markets, they may be shocked to learn it didn't happen everywhere in Tennessee, too. But it didn't."

The Roane County appraisals represent an estimate of the fair market value of homes as of January 1, 2010 and are based on actual sales which mainly occurred in the last half of 2009, after the local market started its recovery from stagnant sales and a small drop in median sales prices.

The video series introduced here is intended to help taxpayers understand how Tennessee's ad valorem tax system works and why and how the 2010 reappraisal was accomplished. It also explains the assessor's role  in the overall property tax system, how a certified tax rate law protects property owners after a reappraisal and where to call or go if you disagree with your notice of assessment.

The videos are linked at top just below the masthead. Please give them time to download; it may take a minute or two, depending on your internet service connection speed, but we think you will find them worthwhile.


To watch the videos in a player which enables you to control the video -- pause/play, forward/back, select a scene from thumbnails, and set sound volume -- use the links below.

  View in Video Player:   Split the Check  |  Ad Valorem Why Now & How  |  The Certified Tax Rate