Appraisal value is based on these key factors:

  • A property's use (such as home, business, vacant land, etc.)
  • A property's characteristics
    • Location
    • Square Footage (total living area)
    • Age (year of construction)
    • Quality of Construction
    • Amenities (such as bathroom count, garage, carport, vaulted ceilings, etc.)
  • Current market conditions (determined by sales in the immediate area .)

To determine the fair market value of a property, a team of skilled and professionally trained appraisers:

  • Visually inspects all properties to ensure that the Assessor's records reflect actual characteristics. (These inspections have been preformed throughout the past three years.)
  • Reviews and verifies market sales, cost and income data according to accepted appraisal practices.
  • Completes market analyses using the Tennessee CAAS system, comparing properties of similar size, age, location, and description.
  • Establishes appraisal values that reflect current market conditions as of January 1, of the reappraisal year.

Computer Assisted Appraisal System

A system of appraising property that incorporates statistical analyses such as multiple regression analysis and adaptive estimation procedure to assist skilled and trained appraisers in estimating real property values.