Amends Tennessee property tax rates, limiting them to $3.00 per hundred dollars of assessed value.
This bill amends Tennessee Code Annotated, Title 67, Chapter 5, to change property tax rates. It sets a new maximum rate of $3.00 per hundred dollars of assessed value for counties and municipalities, replacing the previous $2.50 limit. The changes apply to both county and municipal tax rates, ensuring they do not exceed the specified limits. The act will take effect on January 1, 2027.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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