The State of Tennessee performs an appraisal of residential, commercial and personal business property every 5 years. Often, but not always, this appraisal is below true market value. When property is reappraised by the state, property owners are typically provided two weeks to contest the new appraisal and given a dedicated phone number to do so - although complaints can be made to the Property Assessor's (also called Tax Assessor's) office anytime during the tax year. Owners seldom contest appraisals lower than market value, as this means lower taxes.
Taxes are based on assessed value of the property. The assessed value is 25% of the appraised value.
UNION COUNTY 2007 taxes are $1.79 per $100 of assessed value. A home with a $300,000 state appraised value will have a $75,000 assessed value. Taxes on this home would be $1342.50 per year. ($300,000 x 25% = $75,000. $75,000 x .0179 = $1342.50) For more information, contact Union County Property Assessor Ronnie Irick at 865-992-3211.
CLAIBORNE COUNTY 2007 taxes are $2.48 per $100 of assessed value. A home with a $300,000 state appraised value will have a $75,000 assessed value. Taxes on this home would be $1860.00 per year. ($300,000 x 25% = $75,000 $75,000 x .0248 = $1860.00) For more information, contact Claiborne County Property Assessor Kay Sandifer at 423-626-3276.
CAMPBELL COUNTY 2007 taxes are $2.00 per $100 of assessed value. A home with a $300,000 state appraised value will have a $75,000 assessed value. Taxes on this home would be $1500.00 per year. For more information, contact Campbell County Property Assessor Bill Hicks at 423-562-3201 |