Over in Fort Sanders, the University of Tennessee has purchased a home to be torn down and will utilize the land for another new building. The University paid $1.1 million, while the Property Assessor has it appraised at $351,000. The University commissioned and independent appraiser, who appraised the property at $1,050,000.00, translated means the former insurance adjuster (who said he could appraise property values) missed it by $699,000.00.

Think of the tax money Knox County could have received had the property assessor gotten this house right over the last 6 years (the current assessors time in office). Of course, the assessors own Chief Deputy Jim Weaver own residence was discovered to be under appraised. Of course, it has been discussed privately that there are some commercial hotel/motel property that are under and over appraised due to crony status the land owners have with the assessor.