The Office of State Assessed Properties conducts annual appraisals, assessments, and audits of public utility and transportation properties. These assessments are certified to counties, cities, and other taxing jurisdictions for billing and collection of property taxes. The office appraises:
- Commercial airlines and airfreight companies holding a common carrier certificate;
- Barge line companies;
- Privately-owned electric, electric cooperative, and gas companies;
- Interstate natural gas and products pipeline companies;
- Power companies, including hydroelectric, steam, and atomic power, and green sources that produce electricity, such as geothermal, hydrogen, solar and wind companies;
- Private railcar and railroad companies;
- Motor bus and motor carrier companies;
- Telephone companies, including cellular and wireless, telephone cooperative, and wireless management companies; and
- Water and sewer companies regulated by the Tennessee Regulatory Authority.
Office of State Assessed Properties
Cordell Hull Building
425 Fifth Avenue North
Nashville, Tennessee 37243
Our three major functions include assessing, appraising, and auditing real and personal property of public utility and transportation companies that have property in the State of Tennessee.
Factually, there is no such thing as a public utility tax; however, there is a property tax that the class of public utilities pay.
OSAP assesses real, intangible and/or tangible personal property owned, leased and/or used. Note: Real Property owned has to be in the exact name of the company.
OSAP assesses 18 types of public utility and transportation companies with a presence in the State of Tennessee- such as airlines, motor carrier, railroads, wireless managment, etc. See link below for a complete list of company types. T.C.A. § 67-5-1301
No, the tax report should be mailed to our office by the statutory deadline.
Property reported on the Ad Valorem Tax Report should not be reported to the local county assessor's office.
Your tax bill will come from your County Trustee's or City Official by mid-January. It's due on or before March 1. If you fail to pay by the due date, penalties and interest are applicable. T.C.A. §67-5-2010
No, OSAP statutory lien date is 1/1 of the current tax year. For example, if you start in May of 2018, you will have to complete a 2019 Ad Valorem Tax Report due on April 1, 2019. In this case, you
would not be required to file a 2018 Ad Valorem Tax Report.
Yes, since you were operating the business as of 1/1 of that tax year, then you are liable to pay property taxes for the entire year.
Write a letter stating that your company is no longer operating, list the date it went out of business, who you sold your assets to and/or how the assets were disposed of.
Note: You are liable to file a final return and pay property taxes for that year since you were operating the business as of 1/1 of that tax year.
In addition to the letter, submit your insurance and motor carrier authority cancellation. You can cancel your authority on line by clicking here. You can also call FMSCA's Tennessee office at 615.781.5781.
The City of Memphis has different collection periods. If you get a bill in the middle of the year, pay it when it is due to avoid any additional penalities or interest. If the actual assessment is higher or lower than the previous assessment (pre-bill), you will either get a credit or an additional tax bill by mid-January.
Potential audits are randomly selected. You're at a greater risk of being audited if you fail to file a report, inconsistently file reports or if it appears that you have used depreciated costs.
Auditors are normally in the field for three days or less. You will receive the audit results within 60 days after the audit.
Please contact Ben Baggett at 615-747-5236 or via email at firstname.lastname@example.org to obtain railroad maps.
Any type of real property question should be directed to OSAP's Appraisal Supervisor Mr. Ben Baggett at 615.747.5236 or via email email@example.com . He can address real property questions regarding railroads, cellular towers, railroad right-of-ways, annexations, Special School District information and etc.