City of Nashville, TN

05/12/2021 | Press release | Distributed by Public on 05/12/2021 14:53

Assessor of Property 5/12/2021 Online Property Tax Calculator Now Available

5/12/2021
Tammy Williams, 615-8662-6060

Property Owners Have Until May 21, 2021 at 4:00 p.m. to file Informal Review

The state-mandated 2021 Davidson County reappraisal has been completed with new market value notices provided on-line and by US mail to property owners on April 23, 2021, by the Office of the Assessor of Property. Data compiled by Assessor Vivian Wilhoite and her staff shows county wide property values increased by a median percentage of 34.05% countywide to establish values as of January 1, 2021. Mayor Cooper announced the Certified Tax Rate (CTR) and will base his proposed budget for the upcoming fiscal year on the CTR. Assessor Wilhoite has created an online calculator to help property owners estimate how much their annual property taxes could decrease, increase, or stay the same if the proposed certified tax rate becomes the tax rate.

'In addition to providing property owners their new market values, the Assessor of Property's office is committed to transparency by providing property owners as much information as possible,' said Assessor Wilhoite. 'Making the online calculator available gives property owners a good sense of how their values affect their property taxes based on the mayor's proposed tax rate.' If adopted, the mayor's proposed tax rate would be among the lowest in Davidson County history.

Wilhoite said property owners interested in calculating their property tax costs using the proposed tax rate for the 2021-2022 fiscal year can go to the Assessor's website at padctn.org and click on 'Tax Calculator for the Certified Tax Rate.' There property owners can also find a wealth of information regarding the reappraisal process among the various tax districts within Davidson County.

The property tax calculator allows property owners to enter their recently received value from the Assessor of Property and a few variables such as the property's location and property classification, resulting in an estimation of property taxes. The calculator displays the mayor's proposed tax rates for Davidson County's Urban Services District and General Services District. Final tax rates must be approved by the Metropolitan Council of Nashville and Davidson County.

The Assessor of Property's website also provides property owners with a 'heat map' showing shifts in property values, by district, between 20% and 59% since the last reappraisal four years ago.

Property owners who disagree with their new market value may request an Informal Review of their assessment. The deadline for requesting an Informal Review closes on May 21, 2021, at 4:00 p.m. To request an Informal Review, property owners can go to the Assessor of Property's website at padctn.org and click on 'Appeals Process' at the top of the page or call 615-862-6059 to get assistance in filing an Informal Review.

If you miss the Informal Review process or disagree with the result of an Informal Review, you may schedule a Formal Appeal before the independent Metropolitan Board of Equalization by calling 615-862-6059. The opportunity to schedule a formal appeal hearing begins May 24, 2021, and ends June 25, 2021, at 4:00 p.m. Property owners will have the option of an in-person hearing or a hearing by telephone.