Assessment Fact Sheet
Assessment vs. Taxation – Separation of Duties
- Assessment function is distinct from taxation function
- Assessor of Property appraises and classifies the property and then applies the statutory percentages to appraisals to determine assessments
- The Sumner County Board of Commissioners or County Commission and city governing bodies determine local property tax rates
- Taxes are collected by county Trustee and city collecting officials
The Assessment Function
The Assessor
- Appraises real estate for assessment purposes
- Tracks changes in ownership, addresses, and property boundaries
- Is required by state law to verify certain information on real estate sales with buyer or seller
- Appraises and assesses business personal property (furniture, fixtures, machinery, and equipment)
- Responds to requests for public information
- Must possess both appraisal and administrative skills to do the job
The State
- State Board of Equalization establishes policies and procedures for local Assessors of Property and hears property appeals beyond the county level
- Division of Property Assessments (a division of the Comptroller of the Treasury) monitors the work of Assessors to ensure proper procedures are followed, provides technical assistance during reappraisal programs, and provides manuals and educational programs for use by Assessors
The Assessment Cycle
- Property appraisals are established during periodic reappraisal programs using current real estate values on either a 6-year, 5-year, or 4-year cycle. Sumner County is currently on a 5-year reappraisal cycle with the next reappraisal in 2019.
- Between reappraisals, the Assessor’s appraisals generally remain constant, with the exception of instances where the property has changed (new buildings, additions, demolitions, etc.)
- In addition to assessing new construction annually, the Assessor’s office performs a systematic field review of a portion of the county each year so that during a reappraisal cycle all parcels of property are reviewed
- Changes to the property discovered during the review may be added to, or subtracted from the property value between reappraisals, but with the appraised value based on the previous reappraisal program
The Appraisal Process
- An appraisal is an estimate of the most probable selling price of a property
- Mass appraisal techniques are employed
- Physical characteristics listed (dimensions, construction type, age and condition of buildings; size and features of land)
- Computer resources used as a tool to assist in the intensive analyses and calculations required
- Assessor’s experience and appraisal judgment are important
The Assessment Process
Property is classified based on its use and statutory assessment percentages are applied to appraised values
Residential property 25%
Farm property 25%
Commercial and industrial property 40%
Public utility property 55%
Business personal property 30%
- Example: A residence appraised at $ 100,000 would have an assessed value of $25,000
- Assessment Change Notice required to be sent when the value or classification changes
Appeals
- Basis for an appeal: property value, inconsistency with comparable properties, incorrect classification (taxes are not a valid basis for appeal)
- Steps in an appeal: informal discussion with Assessor, County Board of Equalization (meets beginning June 1), State Board of Equalization (must first appeal to county board), Chancery Court
The Taxation Function
- Property tax rate is established by the County Commission and city governing bodies
- Assessor provides assessed value totals to county and city governing bodies
- Total assessment and estimates of other revenue are combined with budget projections to determine the property tax rate
- In a reappraisal year, if the local governing body intends to adopt a tax rate that would generate more revenue than the previous year, a public hearing must be advertised and held
Conclusion
- Separation of the assessment function from the taxation function protects property owners from possible unfair treatment
- The Assessor’s job is increasingly demanding in terms of the skills and professionalism required
- The level of knowledge and detail required to appraise property for assessment purposes has dramatically increased
- Greater detail in appraisals results in a more equitable situation for property owners
Sumner County GIS
We currently partner with GeoJobe to develop and host our GIS Enterprise System and public site. You can access the site here.
Sumner County GIS Enterprise Committee
Under Development
GIS Overview
Drawbacks
- No Connectivity
- No Data Sharing
- No Cost Sharing
- Data between agencies is
GIS Benefits
- A uniform repository for geographic data. All geographic data is centrally stored and managed in one database
- Significantly reduce data redundancy
- Improve accuracy and integrity of geographic information
- Efficient and timely data sharing
- Reduce overall GIS maintenance and support costs
- Access up-to-date GIS data at all times
- Improve communication between departments relative to GIS data/issues
- The development of closer communication and collaboration with various County and City agencies
- This proves to be extremely productive in opening the lines of communication that may have been previously limited.
GIS Stages of Implementation
- Requirements Stage
- User Needs Analysis
- General User Survey (completed)
- Current Hardware/Software Analysis (partial completion)
- GIS Data Use and Requirements (partial completion)
- Locate all GIS Information available
- Identify all GIS Departments and Users since the General Survey
- User Workflow Analysis
- Identify GIS User types
- ArcGIS Desktops
- Web Services
- Concurrent Batch Processes (editing, etc.)
- Identify GIS User types
- Network Suitability Analysis
- Local Area Network
- Wide Area Network
- System Architecture Design Suggestions
- User Needs Analysis
- Design
- Construction
- Implementation
Assessment Calendar
DATE |
ACTION / ACTIVITY / DEADLINE |
JANUARY 1 |
Assessment Date - ownership, assessments and tax maps for the year are to reflect their status as of this date. (TCA 67-5-502) |
JANUARY 15 - 31 |
Division of State Assessed Properties mails Ad Valorem Tax Questionnaire to all motor carriers newly added to the state’s single state registration system. |
JANUARY |
Trustee publishes for two consecutive weeks notice of intent to file suit for delinquent taxes. (TCA 67-5-2401) |
FEBRUARY 1 |
Deadline for Assessor to mail Personal Property Schedules to businesses. (TCA 67-5-903) |
Deadline for property owners to submit to Assessor materials costs for incomplete improvements as of January 1. (TCA 67-5-603) |
|
FEBRUARY 1 - 10 |
Division of State Assessed Properties mails Ad Valorem Tax Report Forms to all centrally assessed utilities and companies. |
FEBRUARY 28 |
Deadline to pay preceding year’s property taxes without penalty or interest. (TCA 67-5-2010) |
MARCH 1 |
Delinquency date for preceding year’s property taxes. (TCA 67-5-2010) |
Deadline for businesses to file Personal Property Schedules with Assessor. (TCA 67-5-903) |
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Deadline for Assessor to furnish Mobile Home Schedules to mobile home park owners. (TCA 67-5-802) |
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Deadline for property owners to apply for greenbelt classification (agricultural, forest or open space land). (TCA 67-5-1006) |
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Deadline to initiate correction of error for preceding year’s taxes. (TCA 67-5-509) |
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Last date the State Board of Equalization can accept a late appeal from the previous tax year delayed for reasonable cause. (TCA 67-5-1412) |
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Deadline to appeal to State Board of Equalization regarding liability for rollback taxes for immediate preceding year. (TCA 67-5-1008) |
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APRIL 1 |
Deadline for Trustee to deliver delinquent list showing all unpaid land taxes to delinquent tax attorney. May occur between February 1 and April 1. (TCA 67-5-2404) |
Deadline for delinquent tax attorney to file suit to collect unpaid taxes. May occur between February 1 and April 1. (TCA 67-5-2405) |
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Deadline for municipalities to certify delinquent taxes for the second preceding year to the county Trustee if they use the county Trustee or the delinquent tax attorney to collect delinquent real property taxes. (TCA 67-5-2005) |
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Deadline for centrally assessed utilities and companies to file Ad Valorem Tax Reports with Division of State Assessed Properties. (TCA 67-5-1303) |
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Deadline for Mobile Home Schedules to be filed with the Assessor by mobile home park owners. (TCA 67-5-802) |
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Bar to collection after 10 years following the year in which taxes became delinquent. (TCA 67-5-1806) |
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APRIL 5 |
Deadline for eligible property owners to apply for property tax relief. (TCA 67-5-701) |
APRIL 20 |
Deadline for owners of certain low cost housing for elderly to supply information to the Assessor regarding the percentage of low income residents as of January 1. (TCA 67-5-207) |
MAY 20 |
Deadline for Assessor to complete assessments and mail assessment change notices. (TCA 67-5-508) Note - If a municipality has collection dates different from the county, assessments for the city must be completed not less than forty (40) days prior to the beginning tax due date of the municipality. (TCA 67-5-504) |
Deadline for Assessor to publish notice regarding public inspection of assessment records and appeal to the County Board of Equalization. (TCA 67-5-508) |
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Deadline for religious, charitable, scientific, and educational institutions to apply for exemption. (TCA 67-5-212) |
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JUNE 1 |
County Board of Equalization session begins. Length of session varies based on county population. (TCA 67-1-404) |
JUNE 30 |
Deadline for collecting officials to submit tax relief applications and credit vouchers for preceding tax year to Division of Property Assessments. (TCA 67-5-701) |
JUNE - JULY |
Trustee prepares list of parcels for which property taxes are delinquent as of June 1 for purposes of producing delinquent tax notices. (TCA 67-5-2402) |
JUNE 1 TO JULY 1 |
Court clerk to provide Trustee with list of property involved in collection suits. (TCA 67-5-2403) |
JULY 1 |
Assessor furnishes schedule of assessed value for each mobile home to mobile home park owners. (TCA 67-5-802) |
JULY |
Tax rates generally set by counties. |
Division of State Assessed Properties finalizes utility assessments and prepares for Comptroller hearings. |
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Trustee presents report to the county legislative body at July meeting of all delinquent taxpayers and double assessments in the county. (TCA 67-5-1903) |
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AUGUST 1 |
General deadline for appeals to State Board of Equalization, or within forty-five days of the date that the notice of County Board action was sent. (TCA 67-5-1412) |
AUGUST (first Monday) |
Deadline for Division of State Assessed Properties to complete all utility assessments and send notice of assessment to each centrally assessed company. (TCA 67-5-1327) Exceptions to these assessments must be filed within ten (10) days. Hearings will be held during August for any exceptions filed. |
AUGUST (second Monday) |
Annual meeting of State Board of Equalization (other meetings as called throughout the year). (TCA 67-1-301) |
SEPTEMBER 1 |
Deadline for filing an amended Personal Property Schedule from the previous tax year. (TCA 67-5-903) |
Last day for new construction to be completed in order to prorate assessment for current tax year. (TCA 67-5-603) |
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Last day for moved, destroyed or damaged improvements to be repaired or replaced in order to preclude proration of assessment for current tax year. (TCA 67-5-603) |
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Deadline to initiate back assessment or reassessment (for 1 year generally; 3 years if there is failure to file, fraud or collusion). (TCA 67-1-1005) |
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SEPTEMBER (first Monday) |
Deadline for Comptroller to file with State Board of Equalization assessments for centrally assessed utilities and companies. Notice shall also be sent to any person or entity filing an exception to the assessment. (TCA 67-5-1327) |
Deadline for Trustee's final accounting and settlement for the year ended June 30. (TCA 67-5-1902) |
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OCTOBER (first Monday) |
Current year’s property taxes become due and payable (some municipalities may differ). (TCA 67-1-701 and 67-1-702) |
Statutory deadline for Assessor to present tax rolls to Trustee. (TCA 67-5-807) |
|
OCTOBER (third Monday |
Deadline for State Board of Equalization to certify to Comptroller assessments for centrally assessed properties. (TCA 67-5-1329) |
OCTOBER - DECEMBER |
Division of State Assessed Properties prepares and finalizes the Certification of Assessments to counties and cities. |
Real Property
In accordance with the following provisions, all property real, personal or mixed shall be subject to taxation, but the Legislature may except such as may be held by the State, by Counties, Cities or Towns, and used exclusively for public or corporation purposes, and such as may be held and used for purposes purely religious, charitable, scientific, literary or educational, and shall except the direct product of the soil in the hands of the producer, and his immediate vendee, and the entire amount of money deposited in an individual’s personal or family checking or savings accounts. For purposes of taxation, property shall be classified into three classes, to wit: Real Property, Tangible Personal Property and Intangible Personal Property.
Real Property shall be classified into four (4) sub-classifications and assessed as follows:
- Public Utility Property, to be assessed at fifty-five (55%) percent of its value;
- Industrial and Commercial Property, to be assessed at forty (40%) percent of its value;
- Residential Property, to be assessed at twenty-five (25%) percent of its value, provided that residential property containing two (2) or more rental units is hereby defined as industrial and commercial property; and
- Farm Property, to be assessed at twenty-five (25%) percent of its value.
House trailers, mobile homes, and all other similar movable structures used for commercial, industrial, or residential purposes shall be assessed as Real Property as an improvement to the land where located.
The Legislature shall provide, in such manner as it deems appropriate, tax relief to elderly low-income taxpayers through payments by the State to reimburse all or part of the taxes paid by such persons on owner-occupied residential property, but such reimbursement shall not be an obligation imposed, directly or indirectly, upon Counties, Cities, or Towns.
The Legislature may provide tax relief to home owners totally and permanently disabled, irrespective of age, as provided herein for the elderly.
Tangible Personal Property shall be classified into three (3) subclassifications and assessed as follows:
- Public Utility Property, to be assessed at fifty-five (55%) percent of its value;
- Industrial and Commercial Property, to be assessed at thirty (30%) percent of its value; and
- All other Tangible Personal Property, to be assessed at five (5%) percent of its value; provided, however, that the Legislature shall exempt Seven Thousand Five Hundred ($7,500) Dollars worth of such Tangible Personal Property which shall cover personal household goods and furnishings, wearing apparel and other such tangible property in the hands of a taxpayer.
The Legislature shall have power to classify Intangible Personal Property into subclassifications and to establish a ratio of assessment to value in each class or subclass, and shall provide fair and equitable methods of apportionment of the value of same to this State for purposes of taxation. Banks, Insurance Companies, Loan and Investment Companies, Savings and Loan Associations, and all similar financial institutions, shall be assessed and taxed in such manner as the Legislature shall direct; provided that for the year 1973, or until such time as the Legislature may provide otherwise, the ratio of assessment to value of property presently taxed shall remain the same as provided by law for the year 1972; provided further that the taxes imposed upon such financial institutions, and paid by them, shall be in lieu of all taxes on the redeemable or cash value of all of their outstanding shares of capital stock, policies of insurance, customer savings and checking accounts, certificates of deposit, and certificates of investment, by whatever name called, including other intangible corporate property of such financial institutions.
The ratio of assessment to value of property in each class or subclass shall be equal and uniform throughout the State, the value and definition of property in each class or subclass to be ascertained in such manner as the Legislature shall direct. Each respective taxing authority shall apply the same tax rate to all property within its jurisdiction.
The Legislature shall have power to tax merchants, peddlers, and privileges, in such manner as they may from time to time direct, and the Legislature may levy a gross receipts tax on merchants and businesses in lieu of ad valorem taxes on the inventories of merchandise held by such merchants and businesses for sale or exchange. The portion of a Merchant’s Capital used in the purpose of merchandise sold by him to non-residents and sent beyond the State, shall not be taxed at a rate higher than the ad valorem tax on property. The Legislature shall have power to levy a tax upon incomes derived from stocks and bonds that are not taxed ad valorem.
This amendment shall take effect on the first day of January, 1973. [As Amended; Adopted in Convention September 14, 1971; Approved at election August 3, 1972; Amendment approved at election, November 2, 1982.]
(a) The value of all property shall be ascertained from the evidence of its sound, intrinsic and immediate value, for purposes of sale between a willing seller and a willing buyer without consideration of speculative values, and when appropriate, subject to the provisions of the Agricultural, Forest and Open Space Land Act of 1976, codified in part 10 of this chapter.
(b) It is the legislative intent hereby declared that no appraisal hereunder shall be influenced by inflated values resulting from speculative purchases in particular areas in anticipation of uncertain future real estate markets; but all property of every kind shall be appraised according to its sound, intrinsic and immediate economic value which shall be ascertained in accordance with such official assessment manuals as may be promulgated and issued by the state division of property assessments and approved by the state board of equalization p.ursuant to law.
(c) (1) The general assembly finds that the increased market value of certain residential property zoned for commercial use has caused an increase in taxes to the extent that citizens are faced with the necessity of selling dwelling houses in which they have lived for many years. The general assembly finds that present use valuation has been extended to others, and is warranted under certain circumstances to relieve the burden of increased taxation to residential owners.
(2) It is the policy of this state that the owners of residential property who have lived on that property for a significant period of time should be allowed to continue to live on that property without a disproportionate increase in taxes due to the property being zoned for commercial use.
(3) For the purposes of this subsection:
(A) “Dwelling house” means a residence occupied by the owner of an estate in that property, with such residence being zoned for commercial use, used solely for residential purposes, and occupied by that owner or a person to whom the current owner is a lineal descendant for a period of twenty-five (25) years or more, together with the real estate upon which it is situated up to a maximum five (5) acres; and
(B) “Owner” means a citizen and resident of Tennessee who occupies the citizen’s or resident’s dwelling house, as opposed to occupying any other residence, for at least nine (9) months out of each calendar year.
(4) Any owner of a dwelling house may make application to the assessor of property of the county in which the property is located for its classification under this subsection. Property which has been determined by the assessor of property to qualify under this subsection shall be valued for ad valorem tax purposes at its market value for residential purposes. The assessment on such property shall include the entire year in which the land is classified under this subsection. Any person who is denied such classification shall have the same rights and remedies for appeal and relief as are provided taxpayers for any action of assessors of property.
(5) Should the use or ownership of the property change so that it no longer qualifies under this subsection, then the property owner shall have the duty of informing the assessor of property. Upon discovering that a property no longer qualifies for classification under this subsection, the assessor of property shall reclassify the property and shall value the same according to its current market value for subsequent tax years. In the event such change in use or ownership does not timely come to the attention of the assessor of property, and upon the assessor discovering that the property no longer qualifies, such reclassification shall affect each year that the property has failed to qualify, and the taxpayer shall be liable for the difference in taxes, including penalty and interest.
(6) It is the legislative intent that the twenty-five-year time period is an integral part of this subsection. If this provision is held by a court of competent jurisdiction to be an unreasonable classification or otherwise declared unconstitutional, then this entire subsection shall be null and void.
(d) The general assembly finds that due to the abundance of limestone, sand and gravel in this state and the difficulty in valuing the contributory interest in limestone, sand and gravel that such contributory interest in limestone, sand and gravel shall be deemed to have no value for property tax purposes. This does not affect the commercial classification of real property used for quarry purposes.
(a) Except as provided in § 67-5-601(c), in determining the value of all property of every kind, the assessor shall be guided by, and follow the instructions of, the appropriate assessment manuals issued by the division of property assessments and approved by the state board of equalization. In the preparation of the manual, the division of property assessments and the state board of equalization shall consult with the United States forest service and the state forester in establishing the guidelines to be used in determining the value of forestland.
(b) For determining the value of real property, such manuals shall provide for consideration of the following factors:
(1) Location;
(2) Current use;
(3) Whether income bearing or non-income bearing;
(4) Zoning restrictions on use;
(5) Legal restrictions on use;
(6) Availability of water, electricity, gas, sewers, street lighting, and other municipal services;
(7) Inundated wetlands;
(8) Natural productivity of the soil, except that the value of growing crops shall not be added to the value of the land. As used in this subdivision, “crops” includes trees; and
(9) All other factors and evidence of value generally recognized by appraisers as bearing on the sound, intrinsic and immediate economic value at the time of assessment.
(c) (1) For determining the value of industrial, commercial, farm machinery and other personal property, such manuals shall provide for consideration of the following factors:
(A) Current use;
(B) Depreciated value;
(C) Actual value after allowance for obsolescence; and
(D) All other factors and evidence of value generally recognized by appraisers as bearing on the sound, intrinsic and immediate economic value at the time of assessment.
(2) Notwithstanding the foregoing, all farm personal property and also all household and kitchen furniture, tableware, musical instruments, wearing apparel, private passenger motor vehicles, jewelry and other personal property of similar character used in the taxpayer’s own household, together with all intangible property, including bank accounts, of the taxpayer, may be assumed prima facie by the assessor of property to be of a value not in excess of seven thousand five hundred dollars ($7,500) per individual and fifteen thousand dollars ($15,000) for jointly owned property held by husband and wife in the absence of any tax return or schedule to the contrary
(a) (1) Reappraisal shall be accomplished in each county by a continuous six-year cycle comprised of an on-site review of each parcel of real property over a five-year period, or, upon approval of the state board of equalization, by a continuous four-year cycle comprised of an on-site review of each parcel of real property over a three-year period, followed by revaluation of all such property in the year following completion of the review period. Alternatively, if approved by the assessor and adopted by a majority vote of the county legislative body, the reappraisal program may be completed by a continuous five-year cycle comprised of an on-site review of each parcel of real property over a four-year period followed by revaluation of all such property in the year following completion of the review period. The board may consider a plan submitted by an assessor which would have the effect of maintaining real property values at full value as defined by law on a schedule at least as frequent as outlined in this section. In counties which have adopted a four-year or five-year reappraisal cycle, there shall be no updating or indexing of values as there is in counties with a six-year cycle.
(2) In the third year of the review cycle, there shall be an updating of all real property values if the overall level of appraisal for the jurisdiction is less than ninety percent (90%) of fair market value. If the overall level of appraisal for the jurisdiction is greater than or equal to ninety percent (90%) of fair market value, any subclass of property not having a level of appraisal within ten percent (10%) of the overall level of appraisal for the jurisdiction shall be updated to the overall level of appraisal. Further, any group of property within a subclass not having a level of appraisal within ten percent (10%) of the level of appraisal for that subclass shall be updated to the level of appraisal for that subclass. If land market values of farm property in the county are not updated, land use values for land classified as agricultural, forest and open space pursuant to §§ 67-5-1001 – 67-5-1050 will not be updated. When values are updated, the factors or appraisal table changes used to effect the update shall be as determined by the state board of equalization.
(3) Reappraisal shall be accomplished in each county on a four-year cycle, comprised of an on-site review of each parcel of real property over a three-year period, followed by revaluation of all such property in the year following completion of the review period. The board shall consider a plan submitted by an assessor which would have the effect of maintaining real property values at full value as defined by law on a schedule at least as frequent as outlined in this subsection, and if the board finds the plan would achieve this effect, the plan shall be implemented in lieu of indexing. During the review cycle between revaluations, new improvements discovered by on-site review or otherwise shall be valued on the same basis as similar improvements were valued during the last revaluation or otherwise as necessary to achieve equalization of such values, subject to application of periodic value indexes established by the board.
(4) The assessor of property shall maintain a program of real property sales verification in accordance with procedures and rules established by the state board of equalization. The assessor of property shall maintain documentation of the reason for rejection of any sale rejected by the assessor for use in analyzing appraisals.
(b) Any city lying in more than one (1) county shall be reappraised under a separate plan of reappraisal on a cycle determined by the board. The reappraisal shall be accomplished under contract with the state division of property assessments unless the city has established an assessment office separate from the county in which it lies.
(c) (1) (A) Subject to funding, the state shall pay a per-parcel grant to local governments to assist in the cost of reappraisal. The grant shall be determined by the division of property assessments and approved by the board. Such funds shall be expended solely for the purpose for which the grant was made.
(B) The state grant for any county in a four-year or five-year reappraisal program shall be limited to the amount, as determined by the division of property assessments, which would have been paid to the county had it remained on a six-year reappraisal program.
(2) In the absence of any agreement between the county and the cities thereof imposing a property tax, local costs of reappraisal of properties within a city shall be paid one half (1/2) by the county and one half (1/2) by the city. Any city paying one half (1/2) of local costs of reappraisal pursuant to this section shall pay those costs directly to the county government with jurisdiction over the property being reappraised, and shall pay those costs during the fiscal year in which the reappraisal is finalized.
(3) The assessor of property shall submit such plans and reports for reappraisal as the board shall require. The board, with the assistance of the division of property assessments, has the power to approve, modify or disapprove any proposed plan submitted by the assessor of property, including the power to specify or approve any proposed computer assisted appraisal system pursuant to minimum standards which the board shall adopt in considering a proposed system. All work is subject to the supervision and approval of the director of property assessments. The division shall supervise and direct all reappraisals and revaluation programs, to the cost of which the state of Tennessee contributes.
(4) Where the on-site review is undertaken by the county assessor of property and the county assessor’s staff or a professional firm is employed to carry out this work, the division shall monitor the on-site review conducted by the county or the professional firm.
(d) (1) The assessor of property of each county shall prepare a plan for carrying out the requirements of this section and §§ 67-5-1602 – 67-5-1604, in the assessor’s taxing jurisdiction, such plan to be submitted to the county executive and the county legislative body for review in such form, manner and time as shall be determined by the board.
(2) At such time as shall be determined by the board, the assessor shall submit the plan and any pertinent resolution of the county legislative body stating its approval or disapproval to the board for the board’s approval or other action.
(3) Prior to the execution of any contract for reappraisal, the county legislative body shall make appropriate arrangements to finance such contract.
(e) Whenever the classification or assessed value of property is changed as a result of reappraisal, the property owner shall be entitled to notice of such change as otherwise provided by law at least ten (10) calendar days before the local board of equalization commences its annual session and, in addition, shall be given the opportunity to appear at an informal hearing on a day or days scheduled for such hearings. Written notice of any action taken as a result of such hearings shall be sent at least ten (10) days prior to the county board adjournment.
(f) Upon a finding by the division that the assessor of property or the county is unable or unwilling to comply with the requirements under this part, including submission of any necessary plan of compliance required by the board, the director of the division shall report such finding to the board. The board shall notify the assessor of property and the county executive of the nature of the noncompliance and shall indicate the action required to correct such noncompliance. Failure on the part of the assessor or the county to comply within forty-five (45) days of such notification shall result in the withholding of any or all of the state grant for reappraisal scheduled to be received by the county according to the provisions of this part until such deficiency is corrected. If satisfactory action is not taken by the assessor or the county to correct the noncompliance within forty-five (45) days from the date that funds are withheld, the board shall direct the division, and the division shall thereupon be authorized to take such steps as are necessary to ensure compliance with the requirements of this part, and the county found in noncompliance shall reimburse the state for all costs incurred by the state pursuant to this action. If such costs are not reimbursed to the state within ninety (90) days of the date of an invoice for such costs, the state may recover its costs through the deduction of such costs from any state-shared taxes as identified in § 4-31-105, otherwise due the county.
(g) The initial schedule of review and revaluation under this section shall be as determined by the board. The board may modify plans approved prior to May 29, 1997, in order to immediately implement the provisions of this section for tax year 1997. The board may specify a four-, five- or six-year cycle for the initial scheduling of review and revaluation under this section; provided, that approval of the county legislative body shall be required to move a mid-cycle updating of values from an existing reappraisal plan, and any revised plan longer than five (5) years shall include a mid-cycle updating of values pursuant to subsection (b).
(h) (1) There shall also be an updating of the localized and non-operating real property of public utilities in each county, and such shall be accomplished in the same year as other locally assessed properties.
(2) All assessing and updating of operating properties of public utility companies shall be done by the comptroller of the treasury in accordance with part 13 of this chapter.
(3) All expenses for assessing and updating operating properties of public utilities shall be paid by the comptroller of the treasury.
(i) As part of any reappraisal program conducted pursuant to the provisions of this part, the assessor of property of each county shall identify all cemeteries having historic value as determined by the county historian and the cemetery advisory committee. Every cemetery having one (1) or more tombstones shall be indicated on the tax maps by an appropriate symbol prescribed by the state board of equalization; any cemetery which is not less than one fourth (1/4) of an acre shall be identified as a separate parcel and contain the appropriate symbol.
Mobile Homes
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Personal Property
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The Law
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