
Germantown’s neighborhoods significantly contribute to the City’s overall character and provide the foundation for the property tax base. The City encourages a broader range of housing options for Germantown residents while preserving the quality and desirability of Germantown’s existing neighborhoods. The City’s housing stock has predominantly been composed of single-family homes. As these homes age and housing demand changes with demographic shifts, it is paramount that the community ensures the continued success of older neighborhoods. At the same time, the development of more housing styles within the City helps to diversify market options for residents. The City continues to create opportunities for new residential properties and encourage improvement to existing homes. When this occurs, the result is higher home values, pride in ownership, new residents and an increased value to both neighborhoods and the City of Germantown.
Description
The Assessed value of residential property is the value of a property as determined by an appraisal conducted by Shelby County. In Shelby County the assessment ratio for residential property is 25%. Values of property are an important indicator to the economic health of the City. Germantown has historically maintained high property values and positive trends for residential property values overall within Shelby County.
Analysis
For fiscal year 2024, the assessed value of residential property is $1,568,948,750. When comparing this to fiscal year 2023, there was an increase of 1% based on the appraisal conducted by Shelby County. Over the last three fiscal years, the assessed value of residential property has been roughly the same, but FY21 shows a significant increase due to the Shelby County reappraisal that took place in January 2021. This shows that although there hasn't been a huge growth in the economy of the City, there also hasn't been any major drops as well.
Impact
The City has moderate ability to impact this measure.
Sale prices of property are an important leading indicator to the economic health of the City. Germantown has historically maintained high property sales and positive trends for residential property values overall within Shelby County.
Analysis:
Impact:
The City has moderate ability to impact this measure.

WWW.GERMANTOWN-TN.GOV
1930 SOUTH GERMANTOWN ROAD
GERMANTOWN, TN 38138 | (901) 757-7200
©2016 THE CITY OF GERMANTOWN. ALL RIGHTS RESERVED.

WWW.GERMANTOWN-TN.GOV
1930 SOUTH GERMANTOWN ROAD
GERMANTOWN, TN 38138 | (901) 757-7200
©2016 THE CITY OF GERMANTOWN. ALL RIGHTS RESERVED.