August 2, 2021

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The place Nashville home values will expand most in 2021 reappraisals

3 min read

Property values throughout Nashville and Davidson County will grow a median 34% in the county’s 2021 property reappraisal, in accordance to a report produced Thursday.

Elements of North Nashville, Whites Creek, Southeast Nashville, Donelson, Madison and Antioch will see the maximum will increase.

Projected raises variety from 20% development in Metro Council District 24 to 59% development in District 21. 

Ongoing development fueled by new organizations and need for commercial and residential residence led to the boost in appraised values, Metro Nashville-Davidson County House Assessor Vivian Wilhoite claimed in a news release.

“Due to the fact the 2017 reappraisal, we, as effectively as all Davidson County citizens, have experienced a front seat to the authentic estate increase happening in our neighborhood, in gentle of the pandemic,” Wilhoite claimed.

2021 Reappraisal median percent increase by council district.

The pandemic negatively impacted some areas of Nashville’s house sector, namely lodges and some retail attributes. Wilhoite mentioned her office has been in get hold of with Nashville Mayor John Cooper and his administration to deliver preliminary facts to help forecast a price range.

Linked:What comes about to Nashville’s assets tax charge in a reappraisal yr?

More:Reappraisal will drive assets tax price down, Mayor John Cooper touts ‘record low’ stage

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