22-04-2025
Davidson County home values increase, potentially meaning rise in property tax
NASHVILLE, Tenn. (WKRN) — Davidson County's home values have risen — significantly.
A new appraisal shows a major spike but that does not mean everyone's taxes are increasing.
'If you just keep making it more expensive and harder to live here, then [people] are just going to leave,' Antioch homeowner, Jason Weakly, said.
Davidson County Property Assessor releases 'Heat map' of average appraised value percentage increase
Weakly, a Nashville native, told News 2 that the city has grown to include more residents, new homes and developments.
'The growth has been explosive and a little unwieldy,' Weakly said.
The newest property reassessment reveals a 45% median increase in value over the last four years.
'You didn't buy your property for it to depreciate, you bought your property to appreciate,' Davidson County Property Assessor, Vivian Wilhoite, said.
Wilhoite said the appraisal reviewed more than 281,000 commercial and residential properties.
'We are seeing where people are moving further out and getting more land — getting more bang for their buck,' Wilhoite explained.
However, the rise in property value has Weakly and some other residents worried that it could mean an increase in property taxes.
'People are still trying to get over the cost of COVID; I mean, people are still reeling from that and it takes families a long time to recover their budget,' Weakly expressed.
If you're wondering whether your property taxes will go up, it will depend on two things. The first factor has to do with how much your property value increased. If your home value increased by more than 45%, your taxes could go up. If your home's value went up by less than 45%, your taxes could drop.
The second factor is whether Mayor Freddie O'Connell passes a priority tax increase this spring which he has said he plans to do.
'After the tax rate from the state of Tennessee is announced — as far as the certified tax rate — once that is announced to say revenue neutral, then the mayor and Metro Council can increase it,' Wilhoite said.
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Property owners can appeal their new valuations.
'There is the misconception that we are trying to stick it to you — no,' Wilhoite said. 'We want you to appeal your values so that you will be trusting the part that we provided you with.'
Weakly plans to appeal his home valuation. The deadline to request an informal review is May 9.
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