AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, Part 7, relative to property tax relief.
Introduced on 1/31/25
Summary
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From the Legislature
As introduced, revises the formula for calculating tax relief on real property owned by eligible disabled veterans so that in determining the amount of relief to such a taxpayer, the assessed value on the first $175,000 of full market value is to be multiplied by the ad valorem tax rate of the jurisdiction instead of by a rate that has been adjusted to reflect the relationship between appraised value and market value in that jurisdiction. - Amends TCA Title 67, Chapter 5, Part 7.
Sponsors
Roll Call Votes
SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage, refer to Senate Finance, Ways, and Means Committee
9 Yea
RRDRRRDRR0 Nay
Calendar
Apr 1, 2025
10:30 AM
Apr 20
1:00 PM