Rutherford County Property Assessor Rob Mitchell gives information on this year's reappraisals.
Below is information furnished from Mitchell:
As you are aware. 2018 is a reappraisal year. Our last revaluation and equalization was in 2014. Attached is a heat map by commissioner district illustrating the median value change by district. I want every citizen to fully understand the process and to continue provide the most transparent administration local assessment.
Valuations are at record highs. Your Rutherford County Property Assessor's Office currently administers the valuations of a real-estate portfolio with an appraised valuation of $32 billion dollars. Our assessed valuations topped $8 billion dollars. Less than six months ago we had just topped $7 billion. Rutherford County is growing at close to an exponential rate.
Over the next three to four weeks assessment change notices will begin to arrive in the mail. This is not a tax bill. It is a statutory notification of valuation change. From these appraisals a new revenue neutral tax rate will be produced by each taxing jurisdiction as is required by state law. There should be very little change either up or down in the actual property taxes you will pay in October once these rates are calculated and adopted.
Results are by County Commissioner District. By Taxing Jurisdiction the are:
Rutherford County 39%