Real Property

I made additions to my home and did the work myself. Will I be assessed on cost of materials?

How does the Property Assessor determine market value?

I disagree with my value, what can I do?

If I bought my home last year, shouldn’t the value be the same as what I paid for it a year ago?

How can I determine whether or not the appraisal of my home is accurate?

What is Greenbelt?

Greenbelt is a State program designated for property owners of 15 acres or more. It allows for a reduction in value if the land is used for agricultural or forest purposes and meets all the requirements of the State. Please review the Greenbelt page located under the Real Property tab for more information regarding the program. back to top

I made additions to my home and did the work myself. Will I be assessed on cost of materials?

No. New construction is assessed at the market value it adds to the property. back to top

What is Market Value?

Tennessee code defines market value as the amount at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts. back to top

How does the Property Assessor determine market value?

The Assessor of Property’s office collects sales data from real estate transactions in Sequatchie County and processes these into appraisal models that assist in the evaluation of all real property. back to top

I disagree with my value, what can I do?

First, review your property information with the Sequatchie County Assessor’s office. You can contact our office at (423) 949-3534 or through email to speak with staff who will go over your property information with you. You can request an informal review by the Assessor. If you are still not satisfied with your value, then you can file an appeal with the County Board of Equalization, which is the first level of a formal appeal. back to top

If I bought my home last year, shouldn’t the value be the same as what I paid for it a year ago?

The sale by itself doesn’t necessarily indicate market value. However, factors such as the date of the sale versus the date of the appraisal (which is January 1 of the tax year), other comparable sales within the subject neighborhood, etc., will be evaluated along with the sale of your property in making a final determination. back to top

How can I determine whether or not the appraisal of my home is accurate?

You can compare your home to others with similar characteristics within your neighborhood and/or have an appraisal completed by a licensed real estate appraiser. back to top