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Board of Equalization approves 20 counties' reappraisal plans; Shelby County approval made contingent on signed MOU
Summary
The Tennessee State Board of Equalization on Oct. 20 approved reappraisal plans from 20 counties, including one contingent approval for Shelby County pending a signed memorandum of understanding between the county and the Division of Property Assessments.
NASHVILLE, Tenn. — The Tennessee State Board of Equalization on Oct. 20 approved reappraisal plans submitted by 20 counties and accepted one county's revised timetable to move its reappraisal from a five-year to a four-year cycle, with one approval for Shelby County made contingent on a signed memorandum of understanding (MOU).
The Division of Property Assessments recommended board approval after reviewing county plans for content and accuracy. “Tennessee Code Annotated § 67-5-1601 requires each county to prepare a plan of reappraisal for approval by the state board of equalization,” Macy Brower, assistant director with the division, told the board.
The board accepted the division's recommendation…
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