The Tennessee Court of Appeals has ruled (again) that property tax appraisals are not admissible to prove value of real property exception for purposes of taxation.
The court said:
We have noted that “in Tennessee and elsewhere ‘[i]t is the overwhelming weight of authority that assessed value is not competent direct evidence of value for purposes other than taxation.’” Carpenter v. Sims, No. E2007-0622-COA-R3-CV, 2007 WL 4963008, at *4 (Tenn. Ct. App. Nov. 7, 2007) perm. app. denied (Tenn. April 7, 2008) (quoting C.C. Marvel,
Annotation, Valuation For Taxation Purposes to Show Value for Other Purposes, 39 A.L.R.2d 209 (1955)); see also Knoxville Community Development Corp. v. Bailey, No.
E2004-10659-COA-R3-CV, 2005 WL 1457750, (Tenn. Ct. App. Feb. 18, 2005); Union Joint Stock Land Bank of Louisville v. Knox County, et al., 97 S.W.2d 842 (Tenn. Ct. App. 1936)).
The State of Tennessee ex rel. Westerman v. Mathes, No. M2022-00611-COA-R3-CV, at * 15-16 (Tenn. Ct. App. May 3, 2023).