Tennessee HB0436 amends property tax relief for disabled veterans by increasing reimbursement rates.
Tennessee HB0436 amends the property tax relief provisions for disabled veterans by increasing the reimbursement rate from the state's general funds. The bill specifies that the assessed value on the first $175,000 of the property's full market value must be multiplied by the ad valorem tax rate in the jurisdiction. The reimbursement rate is set at 25% for the first $175,000 of the property's assessed value. This change applies to tax years beginning on or after July 1, 2025.
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