Jo Ann North

Property Assessor

I WANT TO ..

• Look at your file data on my property

• Estimate my property taxes

• Learn how the appraisal processes work

• Read about Business Personalty Assessment

• Find a parcel on Metro's online property maps

• Go to Metro Nashville Government's Home Page

How do I figure my tax bill?

The appraised value of a property is an estimate of market value, while the assessed value is a fractional amount of the appraisal, depending on classification.

The percentages applicable to classifications are:

PUBLIC UTILITY . . . . . . . . . . . . . . .  55%

COMMERCIAL / INDUSTRIAL . . . . . 40%

BUSINESS PERSONALTY . . . . . . .  30%

RESIDENTIAL / FARM . . . . . . . . . . . 25%

The appraised value is multiplied by the classification percentage to get the assessed value.

Example: a residential property with an appraised value of $100,000 has an assessed value of $25,000 – (25% X $100,000) -- while a commercial property with an appraised value of $100,000 has an assessed value of $40,000 – (40% X $100,000)

The assessment notice you receive is NOT a tax bill. The Trustee calculates your tax bill after the tax rate is set by Metro Council in late June and all assessments are finalized by the Metro Board of Equalization. The bill normally is mailed in September or early October.

The tax rate is expressed in dollars per $100 of assessed value. So to calculate your taxes, divide the assessed value by $100 and then multiply the result by the tax rate.

Example: If the tax rate is $4.00, the calculation for a home appraised at $100,000 and assessed at $25,000, would be as follows:

$25,000 ¸ $100 = 250; 250 X $4.00 = $1,000

Where does the money go?

Metro Nashville’s budget for the current year was almost $1.4 billion.

Education received 38% of it --more than $512 million.

Public Safety ranked second as Police, Fire, Ambulance, etc. were allotted $300 million, 22%.

Debt Service required a 13% share; General Government, which includes administrative departments and agencies, 12%; Recreation and Culture, 6%; Public Works and Health and Social Services, 4% each. The catch-all “Other” category claimed 3%.

NOTE: Percentages add to more than 100% due to rounding.