The millage rate is expressed in dollars per $100 of assessed value, and it includes the rates for the county, schools, and other taxing entities. For example, if the millage rate is 80, the taxes on a property with an assessed value of $100,000 would be $800. The millage rate is typically updated annually to reflect changes in property values and tax rates.

It's worth noting that property tax rates can vary depending on the location and type of property. For example, commercial properties may have a higher tax rate than residential properties. It's also important to note that property taxes are a percentage of the assessed value, not the market value.

Available Exemptions

There are several exemptions available in Tennessee that can reduce the amount of property taxes owed. Some of the most common exemptions include:

• Homestead Exemption: This exemption provides a discount on property taxes for qualified homeowners who occupy their primary residence in the county. The standard homestead exemption in Tennessee is $2,500 off of the assessed value.
• Senior Citizen Exemption: Eligible senior citizens (65 and older) may qualify for an additional exemption of 50% off the assessed value.
• Disability Exemption: Residents with a permanent disability may qualify for an additional exemption of 100% off the assessed value.
• Veteran Exemption: Eligible veterans may qualify for an additional exemption of $2,500 off the assessed value.

To qualify for these exemptions, applicants must meet specific requirements and provide supporting documentation. It's recommended that homeowners review the eligibility criteria and application process with the Cheatham County Assessor's Office.

Payment Schedule & Deadlines

The payment schedule and deadlines for property taxes in Cheatham County are as follows:

• First Installment: Due on March 1st of each year, this payment accounts for 50% of the total tax liability.
• Second Installment: Due on September 1st of each year, this payment accounts for the remaining 50% of the total tax liability.

It's essential to note that late payments may incur penalties and interest, and failure to pay property taxes can result in additional fees and even foreclosure. Homeowners who are experiencing financial difficulties should contact the Cheatham County Trustee's Office to discuss possible payment arrangements.

Appealing Your Assessment

If you believe your property assessment is inaccurate, you may appeal the valuation with the Cheatham County Board of Equalization. The appeal process typically involves submitting a written notice of appeal within 60 days of receiving the assessment notice.

Applicants must provide supporting documentation and evidence to support their appeal. The Board of Equalization will review the appeal and make a determination based on the information provided. If the appeal is successful, the assessment will be adjusted accordingly.

It's recommended that homeowners consult with the Cheatham County Assessor's Office or a qualified tax professional to understand the appeals process and gather necessary documentation.