Tuesday, May 29, 2012

Davidson property owners should check appraisals soon - June 15 deadline to appeal

Davidson property owners should check appraisals soon
http://www.nashville.gov/assessor/index.asp

Members of the Metro Council are being inundated with calls, letters and emails from citizens with varying thoughts on Mayor Karl Dean’s proposed increase in property taxes. As the Metro Council studies and conducts our own budget hearings with various Metro department directors, a very important, yet easy to overlook deadline looms that potentially affects every resident of Davidson County.

Davidson County Property Assessor George Rooker is currently mailing out notices of classification, appraised value and assessed value to every property owner in Davidson County. Every property owner would be well advised to review this simple form and verify its accuracy. This document is the basis for the amount that you will pay in property taxes this year once the rate is established by the Metro Council.
There are two significant areas each resident should check on this notification:

First, verify that your property (or properties) is classified correctly — residential, commercial, industrial, agricultural, etc. This is especially true if your property has changed usage. For example, you may have converted a rental duplex into your personal single-family residence.

Second, and most importantly, verify that the appraised value of your property is accurate based on the data available to the property assessor. Using information readily available online at the nashville.gov/assessor webpage, you can see information including:

• Size of property and square footage of building(s) on property, including number of rooms, baths, etc.

• Historical appraisals for your property.

• Sales of comparable property located in and around your location.

Many of the messages that Metro Council members are receiving have claims that “my taxes are too high — my property isn’t worth what it was previously.” If this statement is true, property owners have between now and June 15 to schedule an appeal of their property value and present evidence of why the value is incorrect.

I cannot stress enough that for the assessor to adjust your appraised property value, owners have ONLY until June 15 to schedule your appeal.

From a personal experience several years ago, I found the process to be fair and easy to navigate. Using data gathered from the property assessor’s own webpage showing evidence of sales of homes nearby, I calculated average neighborhood selling price per square foot and asked that my home appraisal be adjusted to this neighborhood average.

The hearing officer took my information and determined that my data were reasonable. The entire process from scheduling my appeal time, researching the comparisons, compiling my data and completing the process took only a couple of hours and saved me several hundred dollars annually in taxes!

It is the responsibility of the property owner to correct mistakes and justify the value of your property if overstated in value. The property assessor’s office is at 700 Second Ave. S., Suite 210, and is open daily 8 a.m. to 4:30 p.m. Staff will be available to assist citizens with their needs. The phone number is 862-6080.

Please: Don’t pay more in property taxes than your fair share.
Information contributed by Councilman Charlie Tygard The Tennessean