For the First Time, Appraised value of property in Rutherford County exceeds $50-Billion

Feb 23, 2022 at 06:31 pm by WGNS


As home sales continue to soar, so does the population. Rutherford County currently has a population growth rate of 2.2%, which may not sound like much, until you look at the bigger picture.

When looking at a larger time gap between 2010 and 2021, Rutherford County recorded a population growth of 34.69%. That's an increase of over 91-thousand residents in 11-years.

Rutherford County currently has a population count of 347,561 residents and by the end of 2022, that number is expected to rise to 355,199 residents. It is the 6th largest county in the Volunteer State.

Rutherford County Property Assessor Rob Mitchell told WGNS, “For the first time in history the appraised value of property in Rutherford County exceeds $50-Billion (with a capital B). This is an increase due to growth and revaluation of over $14 billion dollars in appraised value over the last four years.”

The revaluation of property doesn't seem to be impacting home sales, according to Mitchell...



Revaluations take place every four years, which means the appraisal of your home at the end of 2021 was the value placed on your property in 2018 - making 2022 the year for revaluations.

When breaking down the number of residents, the median age in Rutherford County is 34, with 16% of the population being 20 to 29-years-old. 27% of area residents are 30 to 49-years of age, according to CensusReporter.org.

In males verses females... the females outnumber the males by 2% or about 6,900 residents. 51% of the population is female and 49% of the population is male in Rutherford County.

Scroll down for more on home revaluations taking place this year...

 

Continued...

The new value placed on your property this year (2022) will determine the amount of property tax you pay in the future.  

The Assessor’s office does not raise or lower your tax rate; that is a function of the Rutherford County Commission. The Assessor does, however, work to administer Tennessee tax laws while appraising all property subject to taxation as mandated by the General Assembly.

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