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Shelby County Tax Appeals

June 23rd, 2011

Many of you have seen Andy Wise’s recent coverage about appealing your 2011 Shelby County property tax appraisal values. If you haven’t seen the segment, you can check it out here: http://bit.ly/lgvGHG

Each year, Memphis and Shelby County residents have the opportunity to appeal their property tax appraisal value based on local market conditions and what they feel that their home is actually worth compared to what the Assessor has determined as the value.

The deadline to contact the Shelby County Board of Equalization is Thursday, June 30th. You can contact them at 901-379-7160. They will mail you the required forms that you complete and submit back to them. Once they review your appeal forms, they will schedule your meeting with the Board where you will present your case in person at their offices.

Chandler Reports is happy to review your current property appraisal value and sales comparables before you decide to appeal. Please contact Wendy Greenlaw at wendy@chandlerreports.com or 901-528-5273 for a free property analysis report.

The following are some great tips and tricks for appealing your 2011 property tax appraisal value!

Keep in mind that you only have 15 minutes to present your case to the Board of Equalization.

Be prepared and make sure you have all of the data that you need with you to prove that your property tax appraisal value should be lower based on 3-4 sales comparables from 2009 and 2010.

Bank sales are are not permitted as viable sales comparables!

If your home is surrounded by rundown and/or foreclosed properties that could be affecting your home’s value, take external property photos of your property and those closest to your home to show to the Board.

If you have refinanced your home, or had a formal appraisal conducted on your property in the last 3 years, be sure to request a copy of the appraisal from the Certified Appraiser or the Lender.

If you have not remodeled the inside of your home in the last 15-20 years, take photos of the original kitchen, bathrooms, flooring etc. This will aid in your appeal if most homes in your neighborhood have been upgraded or remodeled and resold at higher values.

Be sure you are not in jeopardy of a tax increase! If your data shows that your property should be at a higher value than the 2011 rate, the Board of Equalization can RAISE the value for your property!

You may purchase our $49 Tax Kit available at www.shelbytaxappeal.comto receive sales comparables for the past 2 years, your property’s Foreclosure Effect Report, access to The Daily News Online’s neighborhood report and more! Check out our free reports on the site as well!

Certified, professional appraisers can provide you a full analysis of your property and assist you with determining the fair market value of your home. Licensed appraisers have the education and experience necessary to give you an independent, impartial and objective opinion of value. You may click here for a list of local Appraisers.

Please contact us if we can assist you in any way! We are here to help!

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