Property Taxes

Did you recently get a letter in the mail stating your property taxes have gone up? Well, you are not alone!  CBS News says the U.S. housing market surged during the pandemic, boosting the value of the average home to $344,000 — 37% higher than in February 2020. Counties and cities typically reassess properties every year or two, although sometimes there’s a gap of several years — that means homeowners are now seeing the impact of the property boom in their tax bills. However, did you know you can dispute your property taxes? Knoxville has already received 10,000 appeals so far! Have you seen this increase? If so, what was the difference. Read here for more information and how to file for an appeal if needed.