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Bill Title: As introduced, requires that the value of real property assessed for property tax purposes be ascertained from evidence of its sound, intrinsic, and immediate value, for purposes of sale between a willing seller and buyer without consideration of speculative values, and when appropriate, subject to the Agricultural, Forest and Open Space Land Act of 1976; provides that evidence includes an independent appraisal commissioned by the owner of the residential property. - Amends TCA Title 62, Chapter 39 and Title 67, Chapter 5.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-04-04 - Assigned to General Subcommittee of Senate State and Local Government Committee [SB0753 Detail]

Download: Tennessee-2017-SB0753-Draft.pdf

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