If you are a home owner in Shelby county, you probably scratch your head every time you get a new appraisal from the Assessor’s office. Talking to your neighbor who has a much bigger and nicer house than yours, but a significantly lower appraisal makes the situation even more perplexing. There is an appeal process. My friend, Appraiser Brian Mallory has agreed to write some guest posts to answer some frequently asked questions about tax appraisals and the appeal process. Here’s the first installment:
Property owners who missed the opportunity to appeal their assessment by the Shelby County Assessor’s Office for the 2013 year can now complete an online Informal Review for 2014. This is not an appeal, but an opportunity for the taxpayer to make sure the Tax Assessor takes into consideration information he/she believes is important to arrive at a fair value. This is one of the many opportunities that taxpayers have to explain any functional or external obsolescence, any deferred maintenance issues, square footage inaccuracies, suggest appropriate comparable sales, and give an opinion of the value. Before May 1st, 2014, the Tax Assessor’s Office will notify the taxpayer of their decision, after having reviewed the information submitted. Beginning May 1st, 2014, homeowners can then formally file an appeal. While some homeowners may be comfortable filing informal reviews, or filing an appeal, others should consult a Tennessee-licensed property tax agent.
Brian Mallory, a TN-licensed property tax agent, a TN-licensed appraiser, and former board member of the Shelby County Board of Equalization, provides professional property tax representation for residential homeowners in Shelby County. His company, Mallory Property Tax Advisors, can be found at www.ShelbyCountyPropertyTaxAppeal.com. Brian can be reached at 901-870-4663. Their new office is conveniently located at 4962 William Arnold Rd in E. Memphis (by appointment only).