Amends TCA Title 67, Chapter 5.

This bill requires that, in Davidson County only, tree density is a factor that is to be considered in the determination of the assessed value of residential property. The determination of the assessed value of residential property based on the volume of trees must result in a diminished or lower value. If the local regulations of the county or municipality in which the property is located penalize or prohibit tree removal, then the local regulations must be considered a land-use restriction and a limitation on the current use valuation of the property. This bill takes effect January 1, 2020, and applies to taxation of residential property containing trees for tax year 2020 and tax years thereafter.<br /> <br />