County Assessors propose four-year reappraisal cycle to enhance property tax accuracy

During the Oak Ridge City Council Work Session on February 18, 2025, a significant discussion emerged regarding the proposed shift to a four-year property reappraisal cycle in Anderson and Roane Counties. This change aims to address the challenges posed by outdated property tax ratios, which have been impacting local revenue and tax relief programs.

Anderson County Property Assessor John Alley and Roane County Property Assessor Molly Hardup presented their case for the new cycle, emphasizing that moving to a four-year reappraisal would help stabilize property values and improve tax equity. Hardup noted that the current five-year cycle has led to significant discrepancies in property assessments, particularly as market values have surged since 2020. "Going to a four-year reappraisal would eliminate one ratio, which helps us significantly as a county and all of our cities," she explained.

The assessors highlighted the importance of modern tools, such as aerial imagery from EagleView, to efficiently manage the increased workload associated with more frequent appraisals. Alley mentioned that this technology would allow them to assess properties that are difficult to access, thus improving the accuracy of property evaluations.

The council members expressed concerns about the implications of the new appraisal cycle on local businesses and residents, particularly regarding the potential for increased property taxes. Alley reassured them that the goal is to maintain revenue neutrality, meaning that any increase in property values would be balanced by a decrease in the tax rate.

As the discussion progressed, it became clear that the assessors are prepared to adapt to the challenges of a four-year cycle, but they also acknowledged the need for additional staff and resources to ensure its success. "This is uncharted territory across the state," Hardup stated, indicating that while they are confident in their approach, they are also aware of the complexities involved.

The council is expected to finalize their decision on the reappraisal cycle in the coming months, with the state board of equalization having the final say. The outcome of this proposal could significantly impact local tax structures and the financial landscape for residents and businesses in both counties.