The deadline to challenge your Davidson County property assessment is Friday April 20th at 4:30pm. If you do not challenge your property assessment by this deadline, you WILL NOT be able to seek a reduction until next year!
Step #1: Check your new 2011 property tax assessment (click on image below)
Step #2: Locate your property and click on the record
Step #3: Review your tax record. Most importantly, look down to the “Current Property Appraisal” section and find the “Total Value”. This is the amount on which your 2012 property taxes will be calculated.
Step #4: Click on “Previous Appraisal” in the submenu in the top navigation bar
Step #5: Compare your current appraisal with the previous period
Step #6: Determine if you should challenge your tax value assessment. If there is a large difference in your 2011 assessment over your 2009 assessment or if you know the 2011 assessed value to be higher than recent sales in your neighborhood, challenge your assessed value with the Davidson County Tax Assessor’s office immediately. To challenge your assessment, follow the steps outlined in the article I wrote last November.
Who Should Challenge Their Tax Assessment?
While there is no blanket answer, everyone should check their 2011 property assessment to see if a case can be made for a challenge. I have identified pockets of owners who should challenge their tax assessment immediately: owners of luxury homes in Green Hills and Forest Hills over 4,000 square feet should consider challenging. I spot checked several homes that I own in those areas and 3 of them were over assessed. I also found a few over assessments in Hillwood.
Update 4/18/12
This afternoon I received a call from a principle with ACG Equities, the owner/seller of the 5th & Main condos in East Nashville. He explained that ACG took the initiative to challenge all 129 tax assessments as soon as they became aware of the 2011 assessments. I applaud ACG’s actions and can only hope that Pollack Partners follows suit for the Velocity. No word from anyone with Pollack yet.
Please pass this article along to your friends, family, neighbors and clients.
April 17, 2012, 7:53 pm
In case you cannot click on the image above to see your Davidson County tax assessment, the website is http://www.padctnwebpro.com/WebproNashville/default.asp
April 18, 2012, 6:22 am
I found it interesting that Metro seemed to really up the assessments in ’09. A sly way of raising taxes in a really tough economic year. If someone had big increases in ’09 and didn’t fight it then–and their ’11 assessment didn’t change from the ’09 assessment–I wonder how effective it would be to fight the assessment now?
April 18, 2012, 7:37 am
It can always be effective to fight your tax assessment if you have recent comps that prove the value to be lower than the assessed value. Some lofts in downtown got an undeserved boost in 2009, I would think those could be successfully challenged.
April 18, 2012, 7:41 am
How about a building like Velocity?
April 18, 2012, 7:46 am
I would think that the Velocity would have to be assessed for the amount Pollack paid per door in their acquisition. There are no other comps in the building to support any other valuation.
April 18, 2012, 10:02 am
So if my math works right that would be about 115,000 per door?
April 19, 2012, 10:55 am
Property Tax Reductions
As a taxpayer, a successful property tax appeal may only be the first step
in an ongoing battle to keep a property’s assessment under control. Suppose you succeed in obtaining a judgment
lowering your assessment, and the property tax bill that goes along with the
lower assessment.
April 19, 2012, 4:03 pm
Grant, having served in years past as a real estate professional with the property assessor’s office during the appeals process, my feeling is the assessment for the owner occupied units in a building like Velocity would be figured using other non-distressed property comparables from nearby highrises. Never hurts to try, but don’t be disappointed if assessed values are not lowered.
April 20, 2012, 2:21 pm
Grant, do you happen to know if the deadline for Williamson County is the same?
April 26, 2012, 12:05 pm
Property taxes are too high as compare to other taxes…..
this blog is much helpful for me ……very nice post…
April 30, 2012, 9:07 am
Great idea! Will get to work on it.
May 11, 2012, 7:43 am
your blog is very effective for property tax appeal
July 11, 2012, 11:51 pm
I appreciated this article on Property taxes and shared it with several who were interested at the time. I was curious if you knew what kind of success rate did people have that challenged their tax assessment?
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