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- Tennessee law requires every county to undergo a countywide revaluation of all real property on a 4-, 5-, or 6-year reappraisal cycle.
comptroller.tn.gov/office-functions/pa/property-taxes/understanding-tennessee-property-assessments.html
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Tennessee law requires every county to undergo a countywide revaluation of all real property on a 4-, 5-, or 6-year reappraisal cycle. The assessor of property is responsible for the cyclical revaluation with some assistance and oversight from the Comptroller’s Division of Property Assessments.
The law requires land and buildings be revalued for property tax purposes at least every six years (sometimes more often), this process of revaluing property in a county is referred to as the county’s “reappraisal” or “reappraisal year.”.
Oct 14, 2014 · Periodic County-Wide Reappraisal. Revaluation of property for tax purposes is required on a periodic basis to maintain appraisals at market value and to ensure equity of appraisals throughout the jurisdiction. Every county in Tennessee is on either a four, five, or six year revaluation cycle.
The State of Tennessee requires All County Assessor's of Property to conduct mass reappraisals every four to six years; Madison County has been on a four (4) year reappraisal cycle since 2010 however, we will change to a five (5) year cycle. The next reappraisal year will be 2027.
Oct 3, 2023 · Tennessee Comptroller Jason Mumpower is pushing a plan to increase the frequency of county property reappraisals to more closely match market values and stop local governments from losing tax revenue.
Jun 30, 2020 · These rules apply to all jurisdictions as well as multi-county jurisdictions undergoing reappraisal or current value updating during a given tax year. Authority: T.C.A. §§ 4 -3-5103, 67- 1-305, and 67- 5-1601.
