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Assessor's Warning: Appraisal Ratio Threatens Financial Stability in Rutherford County, TN - Vimarsana News

Assessor's Warning: Appraisal Ratio Threatens Financial Stability in Rutherford County, TN

  RUTHERFORD COUNTY, TN - The Rutherford County Assessor's Office has publicly acknowledged the impact of the state-calculated appraisal ratio on the tax base and how the numbers could hinder the financial well-being of local residents. The State of Tennessee conducts these appraisal ratio studies to determine, among other items, the amount of tax relief available to qualifying applicants. Assessor of Property Rob Mitchell stated in an email to WGNS, “The state calculated appraisal ...

Rutherford County Expanding and will Surpass Hamilton County in Population by 2027 - Vimarsana News

Rutherford County Expanding and will Surpass Hamilton County in Population by 2027

RUTHERFORD COUNTY, TN - Research released this year by the Boyd Center for Business and Economic Development at the University of Tennessee indicates that Rutherford County is poised to surpass Hamilton County in population within the next 2.5 to 3 years. Rutherford County Assessor of Property Rob Mitchell suggested the importance of this data, saying it makes for a pivotal planning tool for community leaders and citizens. As we approach 2025, projections for Rutherford County's population su ...

Value of Homes are UP in Rutherford County - This Equals More Expense for Residents - Vimarsana News

Value of Homes are UP in Rutherford County - This Equals More Expense for Residents

  RUTHERFORD COUNTY, TN - The value of homes in Rutherford County have greatly increased over the past 5-years. In 2022, the Rutherford County Assessor of Property finalized their revaluation of area properties, meaning they re-calculated the value of each and every property in the community. The increased appraisal value plus the increased property tax will hit local families before the year's over, as property taxes are due in October. Assessor of Property Rob Mitchell said everyone will ...

Property values in Rutherford County saw a median increase of 44% between 2018 and 2022 - More million-dollar homes for sale in Rutherford County - Vimarsana News

Property values in Rutherford County saw a median increase of 44% between 2018 and 2022 - More million-dollar homes for sale in Rutherford County

RUTHERFORD COUNTY, TENN. – In real estate transactions, it appears there are a growing number of homes being sold in Tennessee that sell for $1-million or more.A recently released report from the Inspection Support Network showed 2.14% of homes sold in the Volunteer State were homes that closed at $1-million or more. The analysis found the median property value for the homes that sold at one-million-dollars or more was a little over $1.3-million. The median income for million-dollar home b ...

Rutherford County Assessor of Property Discusses New Short Term Rental Identification Law - Vimarsana News

Rutherford County Assessor of Property Discusses New Short Term Rental Identification Law

Rutherford County Assessor of Property Discusses New Short Term Rental Identification Law Apr 23, 2021 at 07:00 am by WGNS Rutherford County, TN—Rutherford County Assessor of Property Rob Mitchell’s Office recently received a directive from the State of Tennessee’s Division of Property Assessment regarding a new state law which requires assessors to identify all short term rental properties in their jurisdictions and to assess them to the specifications of the provision. Tenn. Code Ann § 13-7-602 defines “short term rental unit” as “a residential dwelling tha...