Tennessee HB1837 amends private property protection laws to require compensation for property owners when land use regulations reduce property value.
Tennessee HB1837 amends Title 29, Chapter 16 of the Tennessee Code Annotated to establish a process for property owners to seek just compensation when land use regulations enacted by public entities reduce the value of their property. The bill specifies that the burden of proof lies with the public entity to demonstrate the exemption of the land use regulation. Property owners must file a claim for compensation within three years of the regulation's enactment or the submission of a land use application. Just compensation is determined by the reduction in fair market value of the property.
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