😱 Is this house worth $784,929?

Thursday, May 16th, 2024

In this newsletter, you’ll find:

• Market Updates across The Upper Cumberland

• How to qualify for the Greenbelt Tax Break in TN

• Is this property worth $784,929 in Middle TN?

• Listings that have recently dropped in price

• Local Bookstore Spotlight!

• 🔥 Hottest Listings in The Upper Cumberland

Let’s dive in! 👇

The Greenbelt tax break in Tennessee is a measure designed to preserve agricultural, forest, and open space land by offering property owners reduced property tax rates. Enacted as the Agricultural, Forest and Open Space Land Act of 1976, this law allows certain lands to be assessed and taxed based on their use value instead of their market value. Essentially, if a land is used for farming, forestry, or as open space, the tax break applies, significantly lowering taxes in a bid to encourage the maintenance of these land types.

1. The property must be actively used for agricultural purposes or timber production. This includes cultivating crops, raising livestock, or growing and harvesting timber.

2. The land must be at least 15 acres. The exact requirement may vary depending on the county.

3. The county assessor's office will review the application and conduct an assessment of the property to verify its eligibility. This may involve site visits and inspections.

Meet Corey, our passionate and knowledgable in-house mortgage officer. Here’s here for all of your mortgage questions!

Here’s What $784,929 Will Get You in Middle Tennessee

Make your lake dreams a reality - embrace your unobstructed Center Hill Lake views 365 days of the year!

This custom built home was constructed w/ comfort, soundness, & functionality in mind. Main level features a focal point gas fireplace, hardwood flooring, vaulted ceiling w/ beam work, entertaining kitchen & dining, access to the oversized garage, convenient primary/ensuite, & lake views from every room through statement sized windows.

Sip coffee on the main level covered deck, read a book in the lower level screened-in porch, cool off in the fenced-in & private in-ground pool, & appreciate the professional landscaping around the home.

Here are properties that have recently dropped in price in Middle TN. We update this list DAILY to keep you informed.

Are you in search of a property in Middle Tennessee with over 5 acres of land or a budget of under $400k? Look no further! We have meticulously curated lists that are updated daily, making the process of finding your dream home even easier.