Amends TCA Title 67, Chapter 5, Part 7.
Tennessee HB0151 amends existing law to increase the property tax reimbursement for disabled veterans from the first $175,000 to the first $200,000 of the full market value of their residence. This change affects disabled veterans who qualify under specific criteria related to their military service and disabilities. The bill also outlines the method for determining the effective assessed value and the tax rate adjustments, with the new provisions set to take effect for tax years beginning on or after July 1, 2025.
Tennessee HB0151 amends existing law to increase the property tax reimbursement for disabled veterans from the first $175,000 to the first $200,000 of the full market value of their residence. This change affects disabled veterans who qualify under specific criteria related to their military service and disabilities. The bill also outlines the method for determining the effective assessed value and the tax rate adjustments, with the new provisions set to take effect for tax years beginning on or after July 1, 2025.
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Gant, Ron
114th General Assembly
January 14, 2025
January 28, 2025
Assigned to s/c Cities & Counties Subcommittee