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:
https://comptroller.tn.gov/boards/state-board-of-equalization/sboe-resources/certified-tax-rate.html