1. (1) Determining the estimated centrally assessed property includes the following two (2) components: 1) Preceding year State Board of Equalization certified assessment of centrally assessed property for the jurisdiction; and 2) Preceding year approved appraisal ratio.
2. (2) EXAMPLE OF DETERMINING ESTIMATED CENTRALLY ASSESSED PROPERTY: EXAMPLE This example assumes that the public utility assessment certified by the State Board of Equalization for the preceding year is $11,369,770 and the preceding year’s approved appraisal ratio is .7912. The following is an example of the calculation: $11,369,770/.7912 = $14,370,285 ($14,370,285 = estimated centrally assessed property)

Authority: T.C.A. §§ 4-3-5103, 67-1-305, and 67-5-1601. Administrative History: Original rules filed April 1, 2020; effective June 30, 2020.