Tennessee SB2383 amends property tax laws to limit rates set by county and municipal bodies.
Tennessee SB2383 amends Tennessee Code Annotated, Title 67, Chapter 5, to set maximum property tax rates. Counties can set a tax rate up to three dollars per hundred dollars of assessed value, while municipalities are limited to two dollars and fifty cents per hundred dollars. The act also prohibits counties and municipalities from exceeding these limits, effective January 1, 2027.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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