Shelby County told me to grab my ankles...

[deerslayer]

when they mailed me my new appraisal. Ours is going up $27,000! Bad economy, sh#tty housing market, and my house is supposedly worth $27K more. Sounds like government-sanctioned theft to me. Rant over.

[Guest db99wj]

Oh joy. Waiting on mine, won't come out until the end of the month.

You going to appeal?

[G27]

Yah, my house miraculously increased in value by some $67k since this time last year...

[323ssplt]

That's why I was out with my real estate agent looking for houses outside of shelby county!!!!!!

[Guest tadams]

Deerslayer and Crimson, for the love of Pete and his mexican brother Phillippe, please don't let this happen to you. Fight the ignorance.

HGTV.com "Getting a Property Tax Reassessment"

Also, this isn't the one I normally gave my customers, but I just saw this link on the same site. From my skimming, it pretty much covers the same things. Calculating Property Taxes

[Guest canynracer]

Mine went up 71k!!!

think they will buy it??

not quite sure how to fight this, (cant afford a lawyer) but I am gonna start by mailing said letter back with a big "bull****" accross the front of it.

[Guest db99wj]

Canyn, you don't need a lawyer. You can go online and submit an informal review, http://www.assessor.shelby.tn.us/Informal_Review.aspx

Then if you don't get the result, you can actually go down and appear at an appeal hearing, May 1 to July 31. Key is finding comparable sales to your property and have that ready to submit. It wouldn't hurt to have listings that are currently on the market and how long they have been on the market. I know some people that have gone through this process. I will check with them and see what the best things to do are and let everyone know.

[G27]

Mine is a reassessment, but it's still almost $100k below market value, eve in this depressed market.

[Guest canynracer]

Mine is a reassessment, but it's still almost $100k below market value, eve in this depressed market.

So is mine. but if you look at comps in my neighborhood, this reassessment is WAY to high!

[Guest Traumaslave]

Mine went up 40% in value 1 yr after I bought it, or so they said. I went to speak with them and told them they were crazy. No one came out to appraise my property and no had sold anything near me. They brought up a satellite picture of my property and said I have x number of out buildings which each are valued at $x/sf, and my house is recorded as so many beds and so many baths with a finished basement, I have this amount of property, and it all adds up to this. Well, the out buildings are tin and lumber from the property which were build 50 yrs ago, the barn is over 60 yrs old, and the basement is not finished. They ricky tickied the numbers around a little and "fixed it" for me, only a 35% increase in value. I aked them if they would buy it at +25%.

[Champ198]

What are the odds they'll reassess our property values after they've depreciated in value?

[Fadex]

Nil.

Get an appraisal from a credible source and bring it with you.

[jay1313g]

Mine went up 71k!!!

think they will buy it??

not quite sure how to fight this, (cant afford a lawyer) but I am gonna start by mailing said letter back with a big "bull****" accross the front of it.

WOW!!! Mine only went up $18K. I feel much better now!

[Fadex]

Usually the reappraisal process runs on 4 year cycles. The data used to value your properties could be at least a year old.

[I_Like_Pie]

What are the odds they'll reassess our property values after they've depreciated in value?

100%

[EMTRN]

You guys really need to look at Fayette County.

[jeffmem]

You guys really need to look at Fayette County.

+1

I am in Lakeland and have not received my letter yet but I suspect it will be bad news.

[Guest Rick O'Shay]

They were talking about this on the radio this morning. Apparently all of the areas NOT likely to vote Democrat went up while the others either remained the same or decreased. The one I recall off the top of my head was Whitehaven/Hickory Hood - no increase.

I think I remember Lakeland as going up 6%.

Edited March 17, 2009 by Rick O'Shay

[G27]

They were talking about this on the radio this morning. Apparently all of the areas NOT likely to vote Democrat went up while the others either remained the same or decreased. The one I recall off the top of my head was Whitehaven - no increase.

I think I remember Lakeland as going up 6%.

hrmm, chicken or egg?

[Guest db99wj]

Found some information for you guys that are wanting or thinking about the appeal.

shelbytaxappeal.com.

http://assessor.shelby.tn.us/content.aspx

http://www.shelbycountytrustee.com/

I am not a part of this site, nor have I used this site. It is a service provided by Chandler Reports. They are a leading private provider of information in the Shelby County area. Use and purchase what you want. I am not endorsing any particular product. You can see an example if you hit the button to the right of the report, decide for yourself. Ok, enough CMA,

[kckndrgn]

got my "re-appraisal" appraisal back. Original one went Up about 6k, now we are about 8K lower than the original.

WooHoo Now I will pay fewer taxes than before! YEAH!

[Raoul]

Usually the reappraisal process runs on 4 year cycles. The data used to value your properties could be at least a year old.

And the tax "appraisal" is based on that 4 year period. Even with the last 12 months of stagnant or modest declines, there's bound to be some increase. And no, I'm not employed in any assessor's office.

[Raoul]

They were talking about this on the radio this morning. Apparently all of the areas NOT likely to vote Democrat went up while the others either remained the same or decreased. The one I recall off the top of my head was Whitehaven/Hickory Hood - no increase.

This is how they take care of their constituents?

[Guest AmericanWorkMule]

That sounds very cool!

What process did you use to get the "re-appraisal" ?

My luck never seems to work out that way.

Thanks,

got my "re-appraisal" appraisal back. Original one went Up about 6k, now we are about 8K lower than the original.

WooHoo Now I will pay fewer taxes than before! YEAH!

[kckndrgn]

That sounds very cool!

What process did you use to get the "re-appraisal" ?

My luck never seems to work out that way.

Thanks,

Just did their informal review and gave them some current home sale data from my neighborhood with similar comps. I really wasn't expecting a drop at all, but rather a response of "looks good to us, now pay your taxes".

I think 4/30/09 was the deadline to submit a request for an informal review. From there you could appeal again, if you wanted to.