HB0319 amends Tennessee's property classification to redefine residential property for assessment purposes.

HB0319 modifies the definition of "residential property" in Tennessee Code Annotated, Title 67, Chapter 5. It expands the definition to include all real property used for dwelling purposes, sold as a single unit, and containing no more than one rental unit. This change applies whether the property is vacant, owner-occupied, rented, or attached or detached. The act takes effect immediately upon becoming law.

HB0319 amends Tennessee's property classification to redefine residential property for assessment purposes.

HB0319 modifies the definition of "residential property" in Tennessee Code Annotated, Title 67, Chapter 5. It expands the definition to include all real property used for dwelling purposes, sold as a single unit, and containing no more than one rental unit. This change applies whether the property is vacant, owner-occupied, rented, or attached or detached. The act takes effect immediately upon becoming law.