Tennessee HB2607 amends property tax laws, setting tax rates and levy limitations.
Tennessee HB2607 amends Tennessee Code Annotated, Title 67, Chapter 5, concerning property taxes. It modifies the procedures for setting tax rates and levy limitations, requiring governing bodies to advertise their intent to exceed the certified tax rate. The bill also outlines conditions for increasing tax rates above the two-percent limit, including holding a referendum and obtaining approval from 60% of voters. The changes apply to all tax years beginning on or after July 1, 2026.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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