SB0327 amends Tennessee's property classification and assessment rules for residential properties.
SB0327 amends Tennessee Code Annotated, Title 67, Chapter 5, to redefine "residential property" to include all real property used for dwelling purposes, whether vacant, owner-occupied, rented, or detached or attached, and containing not more than one rental unit. This change applies to properties that can be sold and purchased as a single unit fee simple title. The act takes effect upon becoming law.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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