Antioch/Priest Lake/Southeast Nashville Regional Meeting – 2013 Property Reappraisal - Monday, April 15
Dear Antioch/ Priest Lake/ Southeast Nashville neighbors – The Davidson County Property Assessor’s office and Council members Duane Dominy, Karen Johnson, Jacobia Dowell, and Robert Duvall invite you to a special public meeting regarding the 2013 countywide property reappraisal from 6-8pm (presentation begins at 6:30p) Monday, April 15 at Lakeshore Christian Church, 5434 Bell Forge Lane East. If this date does not work with your schedule there is another opportunity to attend another meeting to be held at the South Police Precinct, 5101 Harding Place - 5:30-7:30pm, Thursday, April 18. The Property Assessor’s office representative will present a 20-minute power point presentation with Q&A time to follow immediately. Please feel free to come and go as your schedule allows. The county undergoes a countywide property reappraisal every four years, as currently required by state law. Notices of updated property value information will be sent by mail to all Nashville property owners in April. For more information about the Property Assessor’s office, reappraisal, and appeals please see www.padctn.com or call 862-6080.
Correspondence from Property Assessor George Rooker
Re: Countywide property reappraisal
As you are probably aware, Davidson County is going through a property reappraisal. I appreciate the many questions that you may have about this process. I am very interested in answering your questions thoroughly and listening to your concerns carefully.
Notice mailing dates, online property information, general information about appeals: Our office will mail property reappraisal notices to all Nashville property owners from April 12-26. Online property data information will update in April as well. We encourage all owners to go to our website and check your property data information sheet once you receive your reappraisal notice by mail. We also encourage you to use our new online technical tools to learn more about the information we use to determine the value of your property. The informal appeals process will be held April 15 thru May 17, followed by formal appeals to the Metropolitan Board of Equalization from May 20 thru June 21. To see your property data information sheet or for more information on the reappraisal and appeals processes and schedules – please see www.padctn.com or call anytime for assistance - 862-6080.
New technologies, streamlined appeals: This year our office has developed and launched new technologies to better serve the public and to increase our efficiency. We first launched a website with a property database system allowing anyone to search and study Nashville property data back in 2001. Then, in 2005, we launched our first online appeals system – the initial step in appealing your appraisal, available directly via the internet or by calling this office to receive service from a staff member. And now, in 2013, we have upgraded our technology further and we now offer a streamlined online property data research tool known as - Comper Sales Search. Additionally, we have an improved Online Resolution Center – the first step in appealing your reappraisal. Lastly, we’ve also added a state-of-the-art online analytics tool – which allows both the staff and the public to study and compare public data of all kinds from many government sources plotted on a map to be studied in geographic terms – by council district, zip code, neighborhood, or even by your own “drawn” parameters. These tools, working in tandem, will help everyone understand property values more accurately. As always – our doors are open to anyone who wishes to call or visit this office for staff assistance. These technologies are options in addition to our traditional level of service.
Here are important broad facts about the countywide reappraisal process:
· Why does the Property Assessor’s office reappraise properties? To restore fairness. Reappraisal is necessary to restore equity because the values of property change over time, but not uniformly across a county.
· Why do we have a property tax? The property tax funds about half of the city’s annual budget, which pays for services - fire and police protection, public schools, parks, corrections, libraries, public works, public health services, trash collection, and so on.
· What government office handles what responsibilities in this process? The Property Assessor’s office evaluates and estimates property values periodically based on sales data. We then use cost, market, and income approaches in compliance with the Uniform Standards of Professional Appraisal Practice, policies of the International Association of Assessing Officers, and the rules of the State Board of Equalization to estimate the value of property. The Davidson County Trustee calculates property tax bills and collects taxes annually. The Mayor’s office determines the city’s annual budget and proposes a tax rate. The Metro Council analyzes and adopts the annual budget and tax rate.
· How do you determine my property’s value? Much like when you bought your property, we conduct an appraisal - which means we visit every property in the county to determine if and how the property has changed (or not). Then we compare each property in the area to similar properties in the same area that sold near January 1, 2013 and we build value models using sales data.
· I know my property value has fallen/ risen… The reappraisal process happens every four years. The last reappraisal was done in 2009. Data show us that values have increased for some properties, remained stable for others, and others have lost value since 2009. At the end of the day, commercial property values overall have increased – some significantly, while residential values vary widely - producing a slight net gain for the county as a whole since 2009.
· The county may not make a “profit” from the reappraisal process. If the appraisals for the entire county show an increase in overall property values, the property tax rate (the multiplier) is reduced to neutralize the gain and is known as the certified tax rate – as required by state law The discussion about the property tax rate continues from there. The Property Assessor’s office does not determine the final tax rate.
· My reappraisal seems wrong… We want to set your property value correctly and fairly. We encourage you to check our work and inform us of any errors about your property’s characteristics (square footage, for example). Please see your property data sheet on our website – www.padctn.com - to view specific information about your property, and to see information about the process for informal review and appeals.
Davidson County Assessor of Property
Mailing address: P.O. Box 196305
Nashville, TN 37219-6305
Physical Address: 700 2nd Ave S, Suite 210, Nashville, TN 37210
8am – 4:30pm, Monday thru Friday