T H E M O V E George L. Rooker Jr. Property Assessor Cer ti fi - - PowerPoint PPT Presentation
N A SH V I L L E O N T H E M O V E George L. Rooker Jr. Property Assessor Cer ti fi cate of Ex cel l en ce i n A ssessm en t A d m i n i str ati on A w ar d ed 2 0 1 2 Davidson County, TN Assessors Office Your house as seen by yourself
George L. Rooker Jr. Property Assessor
Cer ti fi cate of Ex cel l en ce i n A ssessm en t A d m i n i str ati on A w ar d ed 2 0 1 2
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Steve ($20) Larry ($30) Chuck ($10)
Lobster $30 Steak $20 Chicken $10 T
$60 GUEST CHECK
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Health and Social Services, 4% Debt Services, 10% Education, 41% Infrastructure and Transportation, 4% General Government, 13% Recreation and Culture, 4% Pubilic Safety, 22% Other, 2%
Source: M etro Nashville Budget 2014-2015
Davidson County, TN Assessor’s Office
Property Taxes, 49% All Other Revenues, 11% Grants and Contributions, 19% Local Option Sales Tax, 17% Fund Balance, 4%
Source: M etro Nashville Budget 2014-2015
Assessment function separate from Taxation function.
Assessment function assigned to Property Assessors. Taxation function assigned to county/city legislative bodies. State Comptroller’s Division of Property Assessments monitors assessment and State Board of Equalization hears appeals, sets rules, approves Certified Tax Rate. Assessor identifies, lists, appraises, classifies all taxable property to achieve equity in values and prepares annual assessment roll. County/ City M ayor presents annual budget to county legislative body, which sets tax rate to apply to the assessment roll. In 1993, the State Board approved a four-year cycle for reappraisal for the major metropolitan counties. County Trustee takes the assessment roll and applies the tax rate to calculate taxes due; mails tax bills and collects the taxes.
State Constitution establishes an ad valorem tax system.
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
1293 1195 930 1216 1587 2109 500 1000 1500 2000 2500 2009 2010 2011 2012 2013 2014
Increase of 63% from 2011 to 2014
Increase of 572% From 2011 to 2015
500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2009 2010 2011 2012 2013 2014 2015
New Parcel Count
18,000 19,000 20,000 21,000 22,000 23,000 24,000 25,000 26,000 2009201020112012201320142015
Davidson County, TN Assessor’s Office
Increase of 19% From 2011 to 2015 Business Personal Property Accounts
500 1000 1500 2000 2500 3000 2009 2010 2011 2012 2013 2014
New Completed Buildings
500 1000 1500 2000 2500 3000 3500 4000 2009 2010 2011 2012 2013 2014
Davidson County, TN Assessor’s Office
Increase of 112% From 2011 to 2015 Increase of 153% From 2011 to 2015 New Construction Permits Issued
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
1 1.05 1.1 1.15 1.2 1.25 1.3 Jan-13 Feb-13 M ar-13 Apr-13 M ay-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 M ar-14 Apr-14 M ay-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 M ar-15 Apr-15 M ay-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15
Davidson County, TN Assessor’s Office Source: M ultiple Service Listing (M LS) Activity Report.
$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 $220,000 $240,000
2009 $135,000 2010 $139,205 2011 $148,900 2012 $148,000 2013 $149,557 2014 $183,000 2015 $231,323
Values from 2013 to 2016 Based On Sales Ratio Results
DARKEST BLUE: LEAST INCREASE DARKEST RED: MOST INCREASE
05 45.3% 20 41.3% 16 38.9% 07 37% 06 35.4% 12 16.2% 32 15.8% 10 15.2% 11 14.8% 01 14.6%
Davidson County, TN Assessor’s Office
Council Districts Percent Increase
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
$0.00 $100,000.00 $200,000.00 $300,000.00 $400,000.00 $500,000.00 $600,000.00 $700,000.00
Median Sale Price $231,323
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
$0.00 $20.00 $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $180.00 $200.00 $220.00 $240.00 $260.00
Median Price per Square Foot $118.44
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
19 34 25 15 23 24 21 17 04 18 10 35 22 11 14 31 33 26 06 02 16 32 20 12 13 08 07 03 27 01 29 28 05 09 30
Davidson County, TN Assessor’s Office
“The South’s Red-Hot Town”
2014 Arena of the Year”
Named to “The 10 Best Places to Live”
“#4 Most Affordable Big Cities”
“Friendliest Cities in America”
“Opry Mills, Top Shopping Destination in the South”
“#4 Best Fourth of July Fireworks in the USA”
“#2 Best U.S Cities for Getaways”
“Best City for Music Scene”
Davidson County, TN Assessor’s Office
First Tennessee Ballpark
Located at the Old Sulphur Dell site on Jackson Street Home of the Nashville Sounds 10,000 seat facility. $38 million Minor League Ballpark with parking garage to
Opened April 17th 2015. Located on 1st Ave and Vietnam Veterans Parkway Seating capacity of 6,800 11-acre park that includes fitness circuit, dog park, soccer field-size green space, basketball hoops, game board, swings and connects to the Cumberland greenways $52 Million project. Opened July 30th, 2015
Ascend Amphitheater
Located at 12th and Laurel in the Gulch 23 story luxury condominium complex with 286 units. It stands 270 feet tall. $80 million project is now open and selling units.
1212
Davidson County, TN Assessor’s Office
Gulch Crossing Project
Located on Demonbreun and termed the Gateway to the Gulch. This mixed use building features retail space for 50 retailers (including: a restaurant, a full service grocery store, access from Demonbreun to 11th avenue.) $78 Million project, Opened July 2015
Davidson County, TN Assessor’s Office
OneC1TY
Located at Charlotte Avenue This 18.7 acres will include 1 million square feet of office space; 600 apartments/condos; 35,000 square feet of retail; 60,000 square feet of restaurants; 150-room hotel and 4.5 acres of civic and green space. This project is estimated to cost $400 Million and will be
1922 Broadway
Located on 20th and Broadway. The building will be a 25-story glass tower that will feature 150-175 boutique hotel, 120-150 high-end condos. No estimated values have been released
Located in the Gulch and Charlotte Avenue This 16 Story, 500,000 square foot office building to hold2,000 jobs for HCA. $200 Million project under construction and will be open late 2016.
HCA Parallon and Sarah Cannon Division Headquarters
Davidson County, TN Assessor’s Office
The Thompson
Located at Gulch at 11th and 12th avenue 224 room mixed use hotel with an indoor/outdoor rooftop. It will be 12 stories high and have a It is located in the intersection. This project is estimated to cost $52 million and will be complete in the summer of 2016.
Davidson County, TN Assessor’s Office
Located near the roundabout beside the Music City Center and Clark. This 27 story hotel will have 454 rooms. Includes an 8,500 Square foot restaurant, commercial and retail space as well as 25,800 square feet of meeting rooms and facilities. $120 million project is currently under construction and will be complete in fall 2016.
Westin Hotel
JW Marriott
Located at the SW corner of 8th Ave South and Demonbreun Street 35 story with 533 rooms, would be downtowns 3rd largest hotel. The existing building has been torn down to make way for the new construction. $350 Million project is scheduled to be complete in early 2018.
Located in the SoBro area at 4th Avenue. This 30-story tower will house Bridgestone's U.S.
around $200 million and open mid-2017.
Bridgestone
Davidson County, TN Assessor’s Office
32 story Tower 313 Luxury Apartments, Retail and Restaurants as well as an underground 500 space parking garage. $90 Million and is under construction now.
SoBro Apartment Complex
Davidson County, TN Assessor’s Office
Located on 17th and Broadway. 25 story 352 unit Apartment Building with ground level retail space of 10,000 square feet. $65 million proposed project will be complete in 2017.
SkyHouse
Located across from the Vanderbilt Campus on 21st Ave South. 17 Story 600,000 Square foot 350 unit apartment complex. It also features a 180 room full service hotel and an additional 35,000 square feet of retail space and 630 parking spaces. It is currently under construction and will cost about $100 Million.
Aertson Midtown
Located in the SoBro district at 1201 Demonbreun 275,000 square foot office building with retail. $97 Million project is currently under construction
1201 Demonbreun
Located at 1515 Demonbreun near Music Row. 19 story tower with 431 unit apartment building. $100 Million plus project that is currently under construction.
Element Music Row
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Gulch Skyscrapper
Located at the corner of 12th Ave South and Division St. This 38-story building will potentially be the tallest in the Gulch area and in the top five of tallest buildings in
and 300 multifamily units. No price tag has been determined.
Crescendo
Located at 641 Division Street 23- story building on 1.8 acres and is expected to include 303 luxury apartments with 36,000 sq. ft. of retail space and a 600 car parking garage $75 Million proposed project
This will sit on the existing convention center site which has 6.2 acres. This $400 million project will refurbish and revitalize the old convention center. The project will featured an apartment tower with 300-plus units, an
205,000 square feet of retail, restaurant and entertainment space — including the proposed National Museum of African American Music.
5th + Broadway
Davidson County, TN Assessor’s Office
505
Located at the corner of 5th and Church, this tower will be the second tallest building in Nashville’s skyline. It will be 543 feet tall, 45 stories and have 550 apartments. The top third of the building will have condos that are accessible from a separate lobby and elevator. This $169 Million dollar project has started and is expected to open in 2017.
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Davidson County, TN Assessor’s Office
Homeowners age 65 or older can “freeze” the property tax on a principal residence at last year’s tax if total income is less than $40,960 for 2014 tax year.
Homeowners age 65 or older or totally disabled homeowners may qualify for tax rebate on $23,000 of the value of a principal residence if their combined income is under $28,690. Disabled veteran homeowners, or their surviving spouse, may qualify for rebate on up to $100,000 value of their principal residence. New applicants beginning 2015, combined 2014 annual income of applicant spouse and all owners cannot exceed $60,000. Homeowners age 65 or older or totally disabled homeowners or a family group with more than one such person residing permanently in the principal residence may qualify for tax deferral. Income limit is $25,000 a year. If you qualify for this program, the current taxes on your residence may be deferred until the death of the person receiving the deferral or the residence is sold, and shall be subject to simple interest at the rate of six percent a
have until December 31st of each tax year to apply. All participants must reapply each year. Administered by Metro Trustee – Deadline: April 5th
For more information, please visit the Trustee’s website: http://www.nashville.gov/Trustee
Administered by Metro Trustee – Deadline: December 31
Our goal is to be fair and equitable, performing each appraisal as accurately as possible, because we value Davidson County.