Understanding the Certified Tax Rate

We have received many questions about the Certified Tax Rate. We understand that Greeneville property owners are concerned due to new property assessments.
However, higher values during a reappraisal do not necessarily mean higher taxes. The law requires the counties and cities to reexamine property tax rates after a reappraisal to make sure higher taxable values do not automatically result in a tax increase.
The Tennessee Certified Tax Rate process is designed to ensure “truth-in-taxation” following a county-wide reappraisal. The process ensures the amount of total taxes collected for a county remain the same after a reappraisal, even if the combined value of all property in the county rose or fell following the reappraisal.
The video below illustrates this the Certified Tax Rate: