If you're a Davidson County property owner, you've likely received (or will soon receive) your 2025 property reassessment notice in the mail. This quadrennial reassessment shows significant increases across Nashville, with property values continuing to reflect our city's strong real estate market.
The Numbers You Need to Know
As of January 1, 2025, the final county-wide median value increase is 45%. The Assessor of Property's Office released a "Heat Map" showing the median appraised percent increase ranging from 38% to 54% within the council districts. These percentages represent a composite of all properties including both new and existing construction in commercial and residential categories.
What This Means For Your Property Taxes
Many homeowners immediately wonder how this reassessment will affect their property tax bills. Here's what you should understand:
The Assessor of Property's Office does not set the tax rate that determines how much you pay in taxes. The data provided to the State of Tennessee helps determine the Certified Tax Rate used to prevent the county from gaining a windfall in revenue on existing construction because of the reappraisal.
The certified tax rate will be reduced countywide to a level that generates the same amount of revenue as before the reappraisal. Some taxpayers will pay more, while others will pay less, depending on whether their property's value increased more than the average countywide property value increase.
How to Appeal If You Disagree With Your Assessmen
If you believe your property's new assessed value doesn't accurately reflect its market value, you have options:
The best method to appeal is to complete an online review at padctn.org. Property owners can also call 615-862-6059 beginning Monday, April 21, 2025. A member of the appraisal staff will assist you with filing your Informal Review.
Important deadlines to note:
- May 9, 2025 (4:00 p.m.): Deadline to request an informal review
- June 6, 2025: Latest date to be notified of review findings
- June 27, 2025 (4:00 p.m.): Deadline to schedule a Formal Appeal
Property owners who fail to file an appeal by the deadline may lose their right to appeal for the 2025 tax year.
Why Reassessments Happen
Reappraisals allow the Assessor to adjust property values so that every property in Davidson County is appraised at market value. Between reappraisal cycles, the Assessor's staff visually inspects all property in Davidson County so assessment records reflect each property's actual characteristics such as square footage, story height, exterior wall type, garage, carport, and detached buildings.
Every county in Tennessee operates on either a four-, five-, or six-year cycle of reappraisal. Davidson County is on a four-year plan, with previous reappraisals occurring in 2001, 2005, 2009, 2013, 2017, and 2021.
What Nashville Property Owners Should Do Now
- Check your assessment notice - Review the details carefully to ensure accuracy
- Compare with similar properties - Look at comparable homes in your neighborhood
- Decide if you need to appeal - If you believe the assessment is inaccurate, file an informal review
- Prepare your budget - While the certified tax rate will adjust, your individual tax bill may change
- Stay informed - The Metro Council will set the final tax rate as part of the budget process
How I Can Help You Navigate This Reassessment
As your local Nashville real estate expert, I understand how these property reassessments can impact both homeowners and potential buyers. Whether you're concerned about how your new assessment compares to actual market value, considering selling in light of increased valuations, or wondering if now is the right time to buy, I'm here to help.
I can provide:
- A professional market analysis comparing your assessment to current market conditions
- Guidance on the appeal process if your property appears overvalued
- Strategic advice for buying or selling in this rapidly changing market
- Neighborhood-specific insights that only a local expert can offer
Don't navigate this reassessment alone. Contact Brett Hickey today for a personalized consultation about your property and how these new valuations might affect your real estate decisions in 2025.
For more information on the reappraisal process or to check your property's new value, visit the Property Assessor's website at padctn.org.
You can contact Brett directly at 586-747-2644 or [email protected].
This blog post is for informational purposes only and does not constitute legal or financial advice. Property owners should consult with appropriate professionals regarding their specific circumstances.
