Owners of Real Estate
Mass Reappraisal is Underway in 26 Counties in Tennessee
2013 is an Important Year for Obtaining Savings on your
Real Property Tax Liability for the Next Four+ Years

In 2013 the following counties in Tennessee are undergoing a mass reappraisal by the local Tax Assessor’s offices which will determine your real estate tax assessment for the next four to six years, depending on the county:

The reappraisal of real estate is mandated by state law and is usually done every four to six years as determined by each county in Tennessee. The purpose of reappraisal is to restore equity and hopefully ensure taxpayers are being treated fairly by updating all appraisals to current market value. As you can imagine this is a huge task for each county assessor and, by necessity, the counties must utilize various mass appraisal techniques in order to reappraise all real property in a timely fashion. These mass appraisal techniques will actually sometimes cause inequity and lead to a higher than market value being placed on property. Obviously when that occurs that inequity causes a higher property tax bill than is fair to the taxpayer potentially for the entire four to six year period of the cycle.
 
Early in 2013, in the March to April time frame, owners of real estate in these counties will be receiving the 2013 assessment notices for all real estate holdings. That assessment notice will be based on the reappraised valuation as of January 1, 2013. For taxpayers who hold significant real estate in the above counties we strongly recommend that the 2013 assessment notices and new appraisals be evaluated for potential appeal of the valuation. Unfortunately the time frame to appeal these new valuations is fairly short after it is received and, depending on the county, is generally due before June 1, 2013.
 
LBMC is pleased to offer you our services to evaluate your 2013 real estate appraisal for potential appeal. LBMC will do the initial evaluation and consultation at no charge in order to make a recommendation to you on whether an appeal is warranted. If, based on that recommendation, you authorize us to pursue an appeal; our fee would be based on a percentage of your first year’s actual tax savings. If there are no tax savings there would be no fee charged.
 
We are limiting this opportunity to only those properties with valuations over $1,000,000 as of 1/1/2013.
 
If you are interested please contact: