HB0366In Committee

Amends TCA Title 67, Chapter 5, Part 6.

Tennessee HB0366 amends property assessment laws to require pro-rated assessments for buildings or improvements that are damaged or destroyed between September 1 and December 31, retroactive to January 1, 2024. The bill affects property owners and assessors, specifically excluding mobile homes and movable structures from these provisions. Key changes include updated assessment timelines for damage due to disasters and the requirement for property owners to apply for assessment relief by January 1 of the following year.

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Overview

Tennessee HB0366 amends property assessment laws to require pro-rated assessments for buildings or improvements that are damaged or destroyed between September 1 and December 31, retroactive to January 1, 2024. The bill affects property owners and assessors, specifically excluding mobile homes and movable structures from these provisions. Key changes include updated assessment timelines for damage due to disasters and the requirement for property owners to apply for assessment relief by January 1 of the following year.

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Sponsor

Hale, Michael

Details
Session

114th General Assembly

Introduced

January 27, 2025

Last Action

March 19, 2025

Taken off notice for cal in s/c Cities & Counties Subcommittee of State & Local Government Committee

Subjects
AssessorsTaxes, Real PropertyTaxes, Ad Valorem

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