Reappraisal Year Budget Adoption

At specified intervals, counties in Tennessee must revalue land and buildings for property tax purposes. This is referred to as a reappraisal year. In a reappraisal year, the Tennessee State Board of Equalization gives each taxing jurisdiction a Certified Tax Rate (CTR) as prescribed by TCA § Title 67, Chapter 5, Part 17. The below document examines the impact of the CTR on the annual budget adoption process.