Scope of the 2025 Reassessment
In Tennessee, property tax reassessments occur on a four-year cycle, and are administered at the county level, with each county responsible for its own schedule. For the 2025 cycle, 20 counties are conducting reassessments, including three of the state’s largest commercial markets:
- Davidson County (Nashville)
- Shelby County (Memphis)
- Hamilton County (Chattanooga)
These counties alone account for approximately 22% of all real property parcels in the state. Assessments are based on market conditions as of January 1, 2025, and will remain in effect for tax years 2025 through 2028, until the next scheduled reassessment in 2029.
Key Reassessment Facts
Final appeal deadlines are tied to actual mailing dates. DMA will provide updates as notices are issued. Last updated 4/24/25.
| Valuation (Lien) Date | January 1, 2025 |
| Tax Years Affected | 2025 – 2028 (4-year cycle) |
| Jurisdictions Affected | 20 counties, including: Davidson (Nashville) Shelby (Memphis) Hamilton (Chattanooga) |
| Assessment Notice Dates | April – May 2025 |
| Appeal Deadlines (Informal / Formal) | Davidson County: May 9, 2025 / June 27, 2025 Hamilton County: June 2025 Shelby County: May 30, 2025 / June 30, 2025 |
Valuation Outlook
The 2025 reassessment is expected to produce significant increases in assessed values, particularly in high-growth areas like Nashville. While Memphis and Chattanooga have seen more moderate development, commercial property values are still projected to rise.
Shelby County initially warned of major tax hikes but has since clarified that Tennessee’s revenue-neutral law requires rates to decline in response to increased valuations. However, tax rates often rise in later years of the cycle.
Valuation Trends by Property Type
| Property Type | Expected Trend | Notes |
|---|---|---|
| Office | ↓ | Elevated vacancy, hybrid work, and rising defaults are suppressing values |
| Multifamily | ↓ | Overbuilding, higher concessions, and interest rates are dragging values |
| Retail | → / ↓ | Stable in key areas; struggling in lower-demand corridors |
| Industrial | Mixed | Distribution strong; manufacturing assets seeing limited demand |
| Hospitality | → | Recovery underway; location-dependent |
DMA will continue monitoring how these trends are reflected in actual assessments and will flag opportunities where valuations appear inflated or misaligned with current market data.
Why Early Preparation Matters
Reassessments often lead to thousands of appeals being filed across affected jurisdictions. Many offer an informal review period ahead of the formal appeal deadline—making early engagement especially valuable, as it can lead to faster, lower-cost resolutions.
Working with DMA before notices arrive allows property owners to review projected assessments, prepare documentation, and respond quickly and confidently if a protest is warranted. With deep knowledge of local policies and valuation trends, our experts help clients avoid overassessment and navigate both informal discussions and formal appeals.
Tennessee Property Tax Expertise
Connect with DMA’s Tennessee property tax experts to evaluate your 2025 real estate reassessments. With appeal windows closing quickly, proactive review is key to identifying risks and opportunities—and ensuring your properties are fairly assessed through 2028.
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| This website content should be used for general informational purposes only, and not as a substitute for consultation with professional tax, legal, or other competent advisors. Before making any decision or taking any action based upon information contained on this website, you should consult with a DMA professional. |