3/29/2019 TN Comptroller of the Treasury: Office of State Assessed - PDF document

3/29/2019 TN Comptroller of the Treasury: Office of State Assessed Properties (OSAP) About the Comptroller’s Office Our Mission MAKE GOVERNMENT WORK BETTER Office of State Assessed Properties: 1

3/29/2019 Our Customers • Assessor of Property • Trustee • City Recorder • City Treasurer Other Customers • County Mayor • Register of Deeds • Clerk and Master • County Attorney for Back Taxes • City Mayor • Other State Agencies The Office of State Assessed Properties Responsibilities include: A - Appraisals A - Assessments A - Audits A – Administer 2

3/29/2019 Summary of Duties The Office of State Assessed Properties is responsible for the following: • Annual appraisals, assessments, and audits of public utility and transportation properties • Certification of assessments to counties, cities, and other taxing jurisdictions • Preparation of tax rolls, tax notices, and tax books OSAP Timeline AVR’s available for public download On Line Filing is available Field Audits Discovery Statutory AVR filing date is 4/1 Appraisal and assessment work Financial/desk/field audits Statutory notification of assessments on/before 1 st Monday in Aug. Statutory exceptions due 10 days after 1 st Monday Statutory filing of assessments with SBOE Field audits Certification by SBOE to OSAP Distribution Field audits Certification Emailed ׀ --------- ׀ --------- ׀ --------- ׀ --------- ׀ --------- ׀ Jan-Mar Apr-Jul Aug Sept. Oct-Dec Tennessee Code • 67-5-1301. Assessment by Comptroller of the Treasury. (a) The Comptroller of the Treasury is authorized and directed to assess for taxation, for state, county, and municipal purposes, all of the properties of every description, tangible and intangible, within the state, owned by and all personal property used and/or leased by the following named persons hereinafter referred to as companies, namely : 3

3/29/2019 2018 TN EQUALIZED ASSESSMENTS Airfreight Co. $ 665,886,927 Airline Co. 124,197,691 Barge Line Co. 144,391,321 Electric Co-op. 1,166,739,491 Electric Co. 46,263,006 Gas Co. 364,850,841 Motor Bus Co. 16,780,549 Motor Carrier Co. 760,722,936 Private Car Co. 131,926,796 2018 TN EQUALIZED ASSESSMENTS Pipeline Co. $ 650,054,012 Power Trans Co. 180,409,628 Railroad Co. 727,797,550 Telephone Co-op. 64,463,530 Telephone LG Dist. 36,754,948 Telephone Co. 471,919,674 Wireless Carrier 806,549,390 Wireless Mgmt. 122,088,427 Water & Sewerage 76,684,886 OSAP # of Companies Wireless Carrier A ir Freight Wireless Management Companies Companies 2% Water and Companies Telephone Cooperative 1% Sewerage 0% Telephone Airline Companies Companies Companies 1% Long 1% 1% Distance Electric Cooperative Companies Companie 2% Railroad Companies * s Power Transmission 1% 1% Barge Line Gas Companies Telephone Companies Companies Companies 0% 0% 2% Pipeline Companies 2% Electric Motor Bus Companies 2% 2% Companies 3% Private Cars 18% Motor Carrier Companies 62% 4

3/29/2019 Total Equalized Assessed Value Tax Year 2018 $6,558,481,603 Companies Assessed for Tax Year 2018 1,722 5

3/29/2019 What are the Results? $247,085,972 in Property Taxes for Local Government OSAP Staff • Director • Assistant Director • Company Assessment Specialists • Real Property Assessment Specialists • Administrative Specialists 2019 CERTIFICATION OF ASSESSMENTS • Middle of December • Email sent from OSAP • 2019 Tax Roll • 2019 Tax Book • 2019 Tax Notices • Jurisdictions print and mail notices 6

3/29/2019 OSAP TAX ROLL TAX ROLL continued TAX ROLL continued 7

3/29/2019 OSAP TAX BOOK OSAP TAX NOTICE Tax Certification Data Request • Available Middle of December • Must be filled out by jurisdictions or Vendors • Text files will then be emailed • Remember only one format 8

3/29/2019 The Office of State Assessed Properties  Appraise  Assess  Audit  Administer 9

3/29/2019 Contact Information Greg Moody Director (615) 401‐7789 Greg.Moody@cot.tn.gov or Pat Dodson Assistant Director (615) 741‐0160 Pat.Dodson@cot.tn.gov For additional information about the Comptroller’s Office and Office of State Assessed Properties visit the Comptroller’s website: www.comptroller.tn.gov. 10