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☷ Tullahoma Tennessee - Coffee County Re Appraisal Notice

☷ Tullahoma Tennessee - Coffee County Re Appraisal Notice

Tullahoma , state Tennessee
| 5
   
   In the next few days , Coffee County property owners will begin receiving their 2022 Reappraisal Notices .  Coffee County completes a state mandated reappraisal every four years , which changes appraised values .  The last reappraisal was in 2018 . The reappraisal is a joint effort between the State of Tennessee Division of Property Assessments and the Coffee County Property Assessors office .
   Property appraisals are real estate market driven .   Real estate values have increased dramatically over the last four years .
   The notice property owners will receive is not a tax bill , only a notification of the new 2022 value or classification of property .   This is to inform the property owner of the changes in value to the property during reappraisal .
   When receiving the new appraised value , property owners automatically think this will lead to a higher tax bill , this is not necessarily true . To account for the changes in property values , the State of Tennessee sets a certified tax rate .  The certified tax rate law requires counties and cities to certify new property tax rates after a revaluation to insure higher taxable values do not automatically result in a tax increase . The goal of a reappraisal is to reestablish market value .  The certified tax rate law mandates the new Certified Tax Rate be revenue neutral .  
   The Property Assessors office makes every effort to ensure all unique characteristics of the property are considered in establishing market value .  When property owners have a concern regarding their appraisal , they may request an informal review . This is not an appeal; this is an opportunity for the property owner to share information with the Assessor’s office . The Coffee County Equalization Board meets in June to hear appeals .
   The Coffee County Commissioners and the Board of Alderman for each city will determine the 2022 tax rate after final values are set .  This process will be completed at a later date , determined by each entity .
   For more detailed information about property reappraisal , go to
   Comptroller . tn . gov/office - functions/pa . html or
   our website , coffeecountytn . org/209/Property - Assessor
   or call our office  931 - 723 - 5126 .
   

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