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A resolution approving the plan for the reappraisal and equalization of assessments In Davidson County as submitted by the Metropolitan Assessor of Property, approving a Memorandum of Understanding between the Metropolitan Assessor of Property and the Tennessee Division of Property Assessments for the responsibilities of parties Involved in the 2025 Year Reappraisal Program for Davidson County, and approving receipt of state funds, if provided, to assist in the cost of the reappraisal.
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WHEREAS, Tennessee Code Annotated ? 67-5-1601 requires that a reappraisal of all real property and an equalization of assessments be completed in every county in Tennessee every six (6) years; and,
WHEREAS, Tennessee Code Annotated ? 67-5-1601 allows a reappraisal every four (4) years as determined by the Assessor of Property with the review of the local governing body; and,
WHEREAS, the Metropolitan Assessor of Property has determined that it is in the best interest of the Metropolitan Government for reappraisal to be accomplished in Davidson County on a four (4) year cycle comprised of a visual inspection of each parcel of property over a three-year period followed by a revaluation of all such property in the year following completion of the visual inspection cycle, and,
WHEREAS, in accordance with Tennessee Code Annotated ? 67-5-1601, the Assessor of Property for the Metropolitan Government has prepared a plan for carrying out the county's reappraisal and equalization program (a copy of which is attached hereto) which must be submitted for review and approval by resolution of the county legislative body and the Metropolitan Mayor, pursuant to Tennessee Code Annotated ? 67-5-1601(d); and,
WHEREAS, Tennessee Code Annotated ? 12-9-104 requires a political subdivision of the state to approve by resolution an agreement of joint or cooperative action with another public agency of the state; and,
WHEREAS, the Tennessee Division of Property Assessments has provided a Memora...
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