How do I Initiate an Informal Review?
There are three ways to initiate an Informal Review:
- Complete the Online Form
- Call the Assessor's Answer Center at 901-379-7333
- Visit one of the Assessor's two locations
Questions and Answers
What is a Comparable Sales Report?
This is a summary report of up to 5 comparable sales. The data will be presented in a spreadsheet format for quick reference with averages and totals summarized at the bottom for quick reference.
Is there a Guarantee?
Our Guarantee - If Comparable Sales are not available for your property type or your geography you will receive a full refund.
Are there Samples Reports?
Yes, please see the Sample page.
What do I get with my MemphisComps.com report?
You receive 3 reports - Memphiscomps.com Market Analysis Package, Property Tax Card, and a Courthouse Property Report. These reports are sent to you via email within 3 business days of purchase.
What does this cost?
$200 per property address.
Why should I order a MemphisComps.com report?
Having a MemphisComps.com report will give you the tools to challenge your property tax Êwith an Informal Review with the County Tax Assessor. Without these tools you may not have sufficient data to make a challenge.
Who determines the comparability of the sales?
We are licensed real estate brokers specializing 100% in commercial real estate sales and leasing and aim to provide you with the highest level of service as we would any client. The final determination on the comparability of sales will be Assessor's office.
I disagree with my Reappraisal. What should I do?
The Shelby County Assessor's office has established a process to handle these issues. It is called an Informal Review. It is an opportunity for property owners to share information with the Assessor's Office in order for their property values to reflect fair market value.
What will I be required to provide for my Informal Review?
The following are the instructions from the Shelby County Assessor:
To assist in the Informal Review, property owners should submit documentation that supports their opinion of the value of the property in question. Examples of such documentation include:
- Sales price (Comparable Sales) of similar properties in the immediate area within the last two years
- Recent private appraisal
- Photos of the property
- Any other information the property owner believes will assist appraisers in analyzing the property's fair market value
Is this an appraisal?
No. For property valuation please consult a licensed appraiser.
I would like to sell my property. Can you help me?
Yes. We are licensed commercial real estate brokers and would be glad to help.
Will you provide cap rates for comparable sales of income producing properties?
No. We will be glad to help you find a qualified appraiser who can provide this information.