Fire Crews Battle Blaze At Mt. Olivet Cemetery

Fire Crews Battle Blaze At Mt. Olivet Cemetery

  • Mt. Olivet Cemetery

    01/25/15 10:17:49 PM

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Sumner County Homeowners Question Lower Property Values -- Mikayla Lewis

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Many of these homes sit on solid foundations, but some homeowners in Sumner county say they're property value is a moving target.

  One resident who received multiple assessments this year says the county valued her property at a little more than $135,000. Shortly after, she received an appraisal at more than $211,000.

County Executive. Anthony Holt says, ""Our appraisals are down 3%. So what that means is that property value within the whole county has depreciated 3%."

County executive Anthony Holt is concerned about the impact of lower assessments county-wide.

 In order to collect roughly the same revenue as last year, the tax rate has to be increased by 6-cents on every hundred dollars of assessed value.

Anthony Holt says, "Real estate professionals, builders and banks and other financial institutions in our county feel like things are going well in Sumner County. We're adding jobs, many people are moving in."

County Assessor, John Isbell says, "It's not enough to put us in a positive column for the property assessments. Subsequently we've had to adjust the certified tax rate through the state board of equalization which has caused the tax rate to go up to equalize the values"


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