3/29/2019 TN Comptroller of the Treasury: Office of State Assessed - - PDF document

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3 29 2019
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3/29/2019 TN Comptroller of the Treasury: Office of State Assessed - - PDF document

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3/29/2019 TN Comptroller of the Treasury: Office of State Assessed Properties (OSAP) About the Comptrollers Office Our Mission MAKE GOVERNMENT WORK BETTER Office of State Assessed Properties: 1 3/29/2019 Our Customers Assessor of

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3/29/2019 1

TN Comptroller of the Treasury:

Office of State Assessed Properties (OSAP)

About the Comptroller’s Office

Our Mission

MAKE GOVERNMENT WORK BETTER

Office of State Assessed Properties:

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3/29/2019 2

Our Customers

  • Assessor of Property
  • Trustee
  • City Recorder
  • City Treasurer

Other Customers

  • County Mayor
  • Register of Deeds
  • Clerk and Master
  • County Attorney for Back Taxes
  • City Mayor
  • Other State Agencies

The Office of State Assessed Properties

Responsibilities include: A - Appraisals A - Assessments A - Audits A – Administer

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3/29/2019 3

Summary of Duties

The Office of State Assessed Properties is responsible for the following:

  • Annual appraisals, assessments, and audits of public

utility and transportation properties

  • Certification of assessments to counties, cities, and
  • ther taxing jurisdictions
  • Preparation of tax rolls, tax notices, and tax books

OSAP Timeline

Jan-Mar Apr-Jul Aug Sept. Oct-Dec

Statutory AVR filing date is 4/1 Appraisal and assessment work Financial/desk/field audits Statutory notification of assessments on/before 1st Monday in Aug. Statutory exceptions due 10 days after 1st Monday AVR’s available for public download On Line Filing is available Field Audits Discovery Statutory filing of assessments with SBOE Field audits Certification by SBOE to OSAP Distribution Field audits Certification Emailed

׀---------׀---------׀---------׀---------׀---------׀

Tennessee Code

  • 67-5-1301. Assessment by Comptroller of

the Treasury.

(a) The Comptroller of the Treasury is authorized and directed to assess for taxation, for state, county, and municipal purposes, all of the properties of every description, tangible and intangible, within the state, owned by and all personal property used and/or leased by the following named persons hereinafter referred to as companies, namely:

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3/29/2019 4 2018 TN EQUALIZED ASSESSMENTS

Airfreight Co. $ 665,886,927 Airline Co. 124,197,691 Barge Line Co. 144,391,321 Electric Co-op. 1,166,739,491 Electric Co. 46,263,006 Gas Co. 364,850,841 Motor Bus Co. 16,780,549 Motor Carrier Co. 760,722,936 Private Car Co. 131,926,796

2018 TN EQUALIZED ASSESSMENTS

Pipeline Co. $ 650,054,012 Power Trans Co. 180,409,628 Railroad Co. 727,797,550 Telephone Co-op. 64,463,530 Telephone LG Dist. 36,754,948 Telephone Co. 471,919,674 Wireless Carrier 806,549,390 Wireless Mgmt. 122,088,427 Water & Sewerage 76,684,886

A ir Freight Companies 0% Airline Companies 1% Barge Line Companies 2% Electric Cooperative Companies 2% Electric Companies 3% Gas Companies 0% Motor Bus Companies 2%

Motor Carrier Companies 62%

Private Cars 18%

Pipeline Companies 2% Power Transmission Companies 0% Railroad Companies * 1% Telephone Cooperative Companies 1% Telephone Long Distance Companie s 1% Telephone Companies 2% Wireless Management Companies 2% Wireless Carrier Companies 1% Water and Sewerage Companies 1%

OSAP # of Companies

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3/29/2019 5 Total Equalized Assessed Value Tax Year 2018

$6,558,481,603

Companies Assessed for Tax Year 2018

1,722

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3/29/2019 6

What are the Results?

$247,085,972

in

Property Taxes for Local Government

OSAP Staff

  • Director
  • Assistant Director
  • Company Assessment Specialists
  • Real Property Assessment Specialists
  • Administrative Specialists

2019 CERTIFICATION OF ASSESSMENTS

  • Middle of December
  • Email sent from OSAP
  • 2019 Tax Roll
  • 2019 Tax Book
  • 2019 Tax Notices
  • Jurisdictions print and mail notices
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3/29/2019 7

OSAP TAX ROLL TAX ROLL continued TAX ROLL continued

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OSAP TAX BOOK OSAP TAX NOTICE Tax Certification Data Request

  • Available Middle of December
  • Must be filled out by jurisdictions or

Vendors

  • Text files will then be emailed
  • Remember only one format
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3/29/2019 9

The Office of State Assessed Properties

 Appraise  Assess  Audit  Administer

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Contact Information Greg Moody

Director (615) 401‐7789

Greg.Moody@cot.tn.gov

  • r

Pat Dodson

Assistant Director (615) 741‐0160

Pat.Dodson@cot.tn.gov

For additional information about the Comptroller’s Office and Office of State Assessed Properties visit the Comptroller’s website:

www.comptroller.tn.gov.