Some Shelby County homeowners see more than 50% hike in property assessments
Assessor plans to ask the Shelby County Commission to change reappraisals to every two years, versus every four.
Author: Jeni Diprizio
Updated: 6:12 PM CDT March 16, 2021
MEMPHIS, Tenn. — Sticker shock - that's how some Shelby County homeowners are feeling about their latest Shelby County property assessments.
Every four years, the county assessor re-assesses property values, and this time around, property values in some parts of town are sky rocketing.
Some homes have shot up by more than $100,000 in value.
When people are going to their mailbox, many are finding appraisals have gone up tens of thousands of dollars, and they fear that will turn into a large tax increase.