HB0402 amends Tennessee tax laws to allow property tax exemptions for real properties with tree canopies.
HB0402 amends Tennessee tax laws to allow property owners to apply for a property tax exemption for portions of real property that provide tree canopy. The exemption applies only to the portion of the property under the tree canopy. The state board of equalization determines eligibility, and the implementing agency assesses tree canopy coverage. The exemption lasts up to seven years, renewable by the implementing agency. The county governing body can choose to apply the exemption to residential, commercial, or both types of properties.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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