The Overton County Board of Equalization will begin its annual sessions Tuesday.
Overton County Property Assessor Cara Boone said the Equalization Board is made up of Overton County citizens who listen to taxpayers about their appraised property value. Boone said citizens may seek equalization if a mistake was made during appraisal, such as an incorrect measurement or square footage.
“And if they bring that to our attention, we would meet them at the property to get it corrected,” Boone said. “But if we still couldn’t satisfy what they think it’s worth, then they would want to appeal to the County Board of Equalization.”
Boone said property values are determined by state mandated reappraisal, which happens every five years.
“[The state] comes in and looks at sales,” Boone said. “Based on our county sales, they’ll compare them to the market value would be for tax appraisal.”
Boone said the adjusted sale price is the lone factor in determine property value heading into equalization. But some taxpayers might still be unhappy with their property value.
“When they’ve already spoken to us and we just can’t satisfy them, as far as making sure we have all the information correct, we can make an appointment for them to meet with the County Board of Equalization,” Boone said. “And then the burden falls to the taxpayer to prove what their land or home is worth.”
Boone said taxpayers can prove their property value with a certified appraisal, which is when an appraiser values a property based on today’s market value.
Meetings with the Overton County Board of Equalization are by appointment only, with appointments beginning Tuesday.
