I just figured the math on our property with the "just for kicks" numbers. If our property assessment went up 16% and we were taxed at the new, lower rate he suggested, the tax collected from us would pretty much be the same.

"I just figured the math on our property with the "just for kicks" numbers. If our property assessment went up 16% and we were taxed at the new, lower rate he suggested, the tax collected from us would pretty much be the same."

That's the point. The average assessment increase being kicked around is 16%. If that is the case then they will adjust the tax rate accordingly, so that anyone whose property assessment gains 16% would pay essentially the same about. The problem kicks in if you "gain" more than 16%.

I talked to my 80 year old grandmother in Karns today. She got her assessment and swears it went up 57%. No doubt property in Karns has seen an increase in the past 4 years. However, I'd be shocked if her 40 year old rancher has gone up 57% in the past 4 years.

Ours finally came - went up 20%. It is still way below both what we could sell it for and what we have it insured for, so I'm a happy camper.

Ours arrived today... went DOWN a half percent. Either the appraiser knows something I don't know, or it's just a consequence of owning a home on the same road as a county commissioner.

Using the predicted new rate, it looks like our bill will be going down a couple hundred bucks.

Up 23% here. Ludicrously high for my modest condo. I'm sure my hundred or so neighbors are equally floored.

I have no doubt that property has increased a little in the last 4 years but in NO WAY did my condo that I paid $180 in 2008 (Jan 2008) go to a figure of $222k.... according to Zillow.com the 5 year Annualized Return for the Knoxville MSA was only 6%, yep 6... not 16...6....check it out here....As of this writing you "might" get me to give $170k for my place now....might...

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