Nashville Property Values Skyrocket In Reappraisal

NASHVILLE, TN — Property values in Davidson County increased 37 percent in four years, according to a report sent to the Metro Council Friday by Assessor of Property Vivian Wilhoite.

Unsurprisingly, this is the biggest jump in history as Nashville has experienced record growth, increased attention from the coastal media, and a building spree unrivaled in city history.

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Wilhoite's report detailed the median value increase in each of the 35 council districts Metrowide, with the biggest jump — a mind-boggling 93 percent — in District 5. That East Nashville district consists of the rapidly changing neighborhoods of Cleveland Park, Douglas Park and others once lumped together as "The Other Side of Gallatin Road" by those who lived in the already largely gentrified East Nashville neighborhoods east of Gallatin Road.

Other big jumps:

North Nashville's District 21 — a 77 percent median increase
Inglewood's District 7 — 66 percent
Downtown's District 19 — 63 percent
West Nashville, The Nations and Charlotte Park District 20 — 61 percent

Unsurprisingly, the highest raw property values remain in tony Belle Meade, Oak Hill and Forest Hills, though the increases there were far lower. State law requires reappraisals every four years and individual properties may see increases larger or smaller than the median; notices will arrive in mailboxes shortly.

State law prohibits local governments from increasing revenue based solely on reappraisals, thus anyone whose values increase by more than the median of 37 percent will see a bigger tax bill and those below will see a lower one.

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