Every four years State law mandates that property assessors offices equalize property values and bring them to market value. That can mean an increase in real property values, or in some cases, a decrease in real property values. Rutherford County Property Assessor Rob Mitchell told WGNS in an email, "What it does mean is your values are most likely going to change. I cannot stress strongly enough the necessity for you to be vigilant and proactive."
Due to prices going up residents have seen an increase in homeowner equity. And now, depending on if the legislative body adopts a "revenue neutral certified tax rate" homeowners may not pay more in actual property tax. The important thing to remember is how much your property changed in relationship to other properties in the county. If your property increased at a rate greater than most, you may pay a bit more. If your property increased at a rate less than most properties, you may pay less.
You can view your property information online at http://rutherfordcountytn.gov/propertyassessor. There, you can check your 2014 property value. 2014 was the last year that values were set.