Tennessee SB2439 proposes to study the impact of using the most recent sale price for residential property as the basis for property tax assessments.
Tennessee SB2439 amends Title 67, Chapter 5 of the Tennessee Code to explore the potential impacts of basing residential property tax assessments on the most recent sale price rather than traditional appraisal methods. If a study is conducted, the comptroller must submit a report with findings and recommendations to relevant legislative committees. This change could affect property tax assessments and potentially the tax burden on property owners.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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