Property Tax Resources

44 minutes reading time (8744 words)

Tennessee Property Tax Updates

UPDATED december 2019

Tax Relief for Damaged Property

Taxpayers should be aware of relief provided for damaged property under Tennessee law.  Tennessee assessors value property in its condition as of January 1st, regardless of its condition during the rest of the year.

An exception to this general rule exists if, before September 1st, an improvement is demolished, destroyed, or substantially damaged.  If it is not restored and nothing else is constructed before September 1st, then the assessor must value the property in its damaged condition from the date of damage until December 31st.  The value is then prorated between the January 1st value and the date of damage value.

It is important to note that if damaged improvements are repaired or rebuilt before September 1st, then there is no relief.  The January 1st value will remain on the property all year, though the property may not have been in service for several months.

This email address is being protected from spambots. You need JavaScript enabled to view it.
Evans Petree PC
American Property Tax Counsel (APTC)

South Carolina Property Tax Updates
Texas Property Tax Updates

American Property Tax Counsel

Recent Published Property Tax Articles

COVID-19 Update

Washington state was hit early and hard by the COVID-19 pandemic.The effects on the economy, and the implications for property values, are enormous. State and local government officials have imposed a series of restrictions with the latest being Governor Inslee's March 23 "stay at home" order that closes all nonessential...

Read more

Property Tax Planning Delivers Big Savings

Ask the right questions, understand your rights and develop a strategy to avoid costly mistakes.

When it comes to property taxes, what you don't know can hurt you. Whether it is failing to meet a valuation protest deadline, ignorance of available exemptions or perhaps missing an error in the assessment records...

Read more

Achieving Fair Taxation Of Big Box Retrofits

Issues to address to ensure a big box retrofit doesn't sustain an excessive tax assessment.

As more and more large retail spaces return to the market for sale or lease, creative investors are looking for ways to breathe new life into the big box. These retrofits saddle local tax appraisal districts...

Read more

Member Spotlight


Forgot your password? / Forgot your username?