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Property Tax Revaluation in Tennessee

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Tennessee counties undergo revaluations in individualized 4-6-year cycles, meaning that not every county in Tennessee will be revalued in 2022. However, 2022 is a year in which some of the most major municipalities in the state are up to be revalued by county assessors. 

During times of strong real estate growth, county appraisers will increase values because of the 4-6-year lapse in value change based on comparable data such as market rents, market expenses, price per unit, price per square foot, market capitalization and vacancy rates.

As a result, property owners in Tennessee typically experience dramatic increases during a revaluation year. The following is recent feedback from 2 key counties:

  • Knox County: Expect every property type to see an increase.
  • Rutherford County: Expect an average of 20% increases across property types. In addition, industrial and multi-family will receive more scrutiny.

Deadline is May 1, 2022

Greg Majors

Greg Majors

Director, Business Development
Paradigm Tax Group
404-434-7414 | Email Greg

Counties Impacted by this Deadline
County Main City Last Reappraisal Next Reappraisal Reappraisals Estimated Notice Date
Bledsoe Pikeville 2017 2022 5 Late April/Early May
Clairborne Harrogate 2017 2022 5 End of April
Clay Celina 2017 2022 5 Mid-April
Coffee Tullahoma 2018 2022 4 First week of May
Crockett Bells 2016 2022 6 First week of April
Cumberland Crossville 2017 2022 5 Mid-May
Giles Pulaski 2017 2022 5 Early May
Hancock Sneedville 2017 2022 5 Mid-April
Hickman Centerville 2018 2022 4 Mid-April
Knox Knoxville 2017 2022 5 Early April
Lawrence Lawrenceburg 2016 2022 6 Mid-May
Madison Jackson 2018 2022 4 End of April
Marshall Lewsiburg 2017 2022 5 First week of April
Maury Spring Hill 2018 2022 4 Mid-April
McNairy Selmer 2016 2022 6 End of April
Rutherford Murfreesboro 2018 2022 4 Mid-April
Smith Carthage 2017 2022 5 Mid-May

Revaluation Considerations

Tennessee is a disclosure state, meaning assessors are aware of the purchase price of properties within their jurisdiction. During a revaluation, county appraisers will conduct a comparable market analysis. Appraisers will look at sales of comparable property in the area. Tennessee statutes prohibit assessors from increasing or decreasing values due to inflation, deflation or other economic changes after this date.

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Consult with Our Experts

Notices of revaluation start to go out mid-April through May for select counties. If your properties are undergoing a revaluation in Tennessee this year, it is imperative that you prepare yourself by contacting the experts at Paradigm Tax Group today. Paradigm has assisted numerous clients with creative appeal strategies during the formal and informal appeal periods, but its imperative to begin looking at the properties now.

We can determine a fair market value based on income analysis, sales comparison analysis and cost analysis. We then supply this data to county appraisers to secure a valuation reduction.

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Greg Majors
Greg Majors

Director, Business Development

Meet Your Local Market Leader

As a property tax expert with 25 years of experience in the state and local tax system and an experienced professional with diversified experience in a variety of industries and service lines, our Tennessee Market Leader Greg Majors is ready to take care of all your revaluation needs from start to finish. We will provide you with a complimentary revaluation consultation, where you can discuss the best strategy to ensure that your values do not increase. Don’t hesitate, reach out today!

Contact Your Local Property Tax Expert

  • Paradigm Tax Group does not service single-family residential properties at this time. We apologize for any inconvenience.