Tennessee SB1824 amends rollback tax laws for agricultural, forest, and open space land.
Tennessee SB1824 modifies rollback tax provisions for agricultural, forest, and open space land. It removes certain conditions for rollback taxes and changes the responsibility for taxes from the current owner or seller to the owner of the land. The bill also eliminates the requirement for a new application to renew the property's classification as agricultural, forest, or open space land after a sale, and removes liability for rollback taxes in such cases. These changes apply to property sold, conveyed, or transferred on or after July 1, 2026.
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.