What does Tax Reassessment Mean for your Property Tax?

This week I received my new property tax appraisal and like most of you my house appraisal increased by a significant amount.

I've seen a lot of comments and concerns about the increased appraisals raising property taxes. I wanted to take just a minute and share the video below about the Certified Tax Rate.

Under state law, when the assessed value of properties is increased after a county-wide appraisal, the city and county tax rates are lowered to a level to make sure the city and county don't receive more tax revenue. This level is called the certified tax rate.

This means that on average, you should pay about the same amount of taxes, even after the appraisal of your home increases. And it also means the city won't get a windfall in tax dollars.

You should also know that if you think your home has been appraised for too high a value, you can appeal your appraisal. You can find details on the appeal process at the website for the Coffee County Tax Assessors Office at https://www.coffeecountytn.gov/209/Property-Assessor. Keep in mind you can only appeal the new appraisal values until June 30th, 2026.

If you live in the Franklin County portion of Tullahoma, the full county appraisal in Franklin will occur next year in 2027. But just in case you have questions for the Franklin County Tax Assessor's office here is their website: https://franklincotn.us/property_assessor.html.

Finally, watch out for scam letters during this reappraisal season. If you get a letter saying you owe money or need to pay to get your records. It's highly likely it's a scam. Call your local tax assessor's office and verify if you have any questions about a suspicious letter.

I encourage you to watch this short video from the State of Tennessee and share with your friends who are concerned about their appraisals.