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

Posted at 1:22 pm July 9, 2015
By Oak Ridge Today Guest Columns 1 Comment

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…]

Filed Under: Guest Columns, Opinion Tagged With: Anderson County, Anderson County Board of Equalization, appraisal hearings, appraised value, assessment base, certified tax rate, City Council, Clinton, greenbelt properties, lakefront lots, Leonard Abbatiello, Norris, Oak Ridge, Oliver Springs, property appraisal, property devaluation, property tax, property value, Roane County, Rocky Top, tax rate, Tennessee State Appraisal Office, total appraisal base, Warren Gooch

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