Oak Ridge Today

Guest column: All AC communities decreased in assessed value, which is unprecedented

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Note: This is a copy of a letter from Leonard A. Abbatiello, Anderson County/Oak Ridge Equalization Board representative, to Oak Ridge Mayor Warren Gooch and City Council regarding the 2015 Board of Equalization results.

Dear Honorable Mayor Gooch and Members of City Council:

I currently serve as the Oak Ridge representative on the Anderson County Board of Equalization.

The Anderson County Board of Equalization has completed its task of appraisal hearings for 2015. Attached is our report which has been sent to the Tennessee State Appraisal Office. It is the first year ever when there has been a decrease in the total appraisal base, Anderson County’s first in history.

This is also the lightest Board workload in recent history. This year, we evaluated 208 cases totaling $125,886,000 of appraised value, reducing their total to $95,781,000. Commercial appeals are now dominating Anderson County appeals, with the requests for changes in commercial exceeding residential values by 5.6 times. Some commercial cases are expected to also appeal to the state for additional relief. [Read more…]

Anderson County reappraisal shows overall 4 percent drop in total assessments

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John K. Alley Jr.

John K. Alley Jr.

By Anderson County Property Assessor’s Office

The 2015 reappraisal in Anderson County shows an overall drop in total assessments.

“In the past, values have always increased,” Anderson County Property Assessor John K. Alley Jr. said. “I promised a fair and accurate assessment for Anderson County, and I feel that is what I have delivered to the property owners.”

The primary purpose of this article is to explain the reappraisal process and set the guidelines for making an appeal, if desired.

2015 is a reappraisal year for Anderson County. [Read more…]

Property values decreasing, some Oak Ridge homes selling for much less than appraised values, county board says

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Anderson County Aerial View

An aerial view of Anderson County north of Oak Ridge.

Anderson County property values are decreasing to less than about 85 percent of their appraised values, and Oak Ridge appears to have several types of property that are selling for much less than their state appraisals, including older, low-priced homes and high-priced, high-quality homes, officials said.

All land tracts in the county also appear to be selling for much less than their state appraisals, the Anderson County Board of Equalization told Anderson County Mayor Terry Frank and county commissioners in a July 15 letter.

The board said the Oak Ridge properties selling for much less than their appraised values include low-priced homes built during the Manhattan Project era in World War II and high-priced, high-quality homes that are now unaffordable for most working-class employees. The Oak Ridge properties, as well as land tracts in Anderson County, appear to be selling at about 70 to 85 percent of the state appraised values. [Read more…]