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County approves continuous five-year reappraisal cycle starting July 2020
Summary
The commission approved a resolution adopting a continuous five-year reappraisal cycle under Tenn. Code Ann. § 67-5-1601, beginning July 1, 2020, with revaluation scheduled for tax year 2025; the county tax assessor clarified it applies to business personal property, not homeowners.
Benton County commissioners voted Jan. 21 to adopt a continuous five-year reappraisal cycle beginning July 1, 2020, with revaluation of all parcels scheduled for the 2025 tax year.
Resolution 20200121-03, sponsored by County Mayor Brett Lashlee and approved by voice vote, relies on Tenn. Code Ann. § 67-5-1601 and instructs the assessor to perform a continuous four-year on-site review with revaluation in the fifth year. During Citizens Forum, Benton County Tax Assessor Ryan Hall told commissioners the program is statewide, applies to commercial and business personal property, and does not apply to private residential homeowners.
Why it matters: Reappraisal cycles affect how property is assessed for tax purposes and can alter taxable values used in county budgeting. The change moves Benton County from the general six-year cycle to an approved five-year continuous cycle under state code provisions.
What was said: The resolution text states that the five-year program includes sales ratio studies in the second and fourth review years and that centrally assessed and commercial tangible personal property will be equalized according to the State Board of Equalization. Ryan Hall emphasized to commissioners and attendees that the resolution addresses business personal property and not homeowners.
Next steps: The resolution takes effect July 1, 2020, with revaluation scheduled for tax year 2025. The assessor's office will implement the review and publish public notices per state requirements.
