Increases the property tax relief threshold for veterans in Tennessee from $175,000 to $200,000.
This bill amends Tennessee Code Annotated, Title 67, Chapter 5, Part 7, to increase the property tax relief threshold for veterans from $175,000 to $200,000. The change applies to subdivisions (2), (3), and (4). The new threshold takes effect on July 1, 2025, and applies to tax years beginning on or after that date.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.