· TN legislature · 114

Taxes, Real Property - As introduced, sets the value of residential property for tax purposes at the higher of the most recent price paid for the property or the value attributed to the property by a financial institution when the owner refinances the mortgage on the property or otherwise uses the property as collateral for a loan; prohibits the sale of real property used by the owner as a principal place of residence for 10 years or more to satisfy a tax debt. - Amends TCA Title 26 and Title 67.

Sponsor

Monty Fritts (R-TN)

Introduced

2026-01-16

Policy area

Taxation

Latest action

Failed in s/c Cities & Counties Subcommittee of State & Local Government Committee