Amends TCA Title 67.
Tennessee HB0726 amends the timeline for property assessors to determine damage from qualified disasters, extending the deadline from January 28, 2025, to April 15, 2025, for owners to qualify for direct payments from the comptroller. The bill also modifies the state board of equalization's authority regarding reappraisal plans, allowing for alternate plans to be implemented with or without indexing, and removes the requirement for the division of property assessments to supervise all reappraisals and revaluation programs. This legislation primarily affects property owners and assessors in Tennessee.
Tennessee HB0726 amends the timeline for property assessors to determine damage from qualified disasters, extending the deadline from January 28, 2025, to April 15, 2025, for owners to qualify for direct payments from the comptroller. The bill also modifies the state board of equalization's authority regarding reappraisal plans, allowing for alternate plans to be implemented with or without indexing, and removes the requirement for the division of property assessments to supervise all reappraisals and revaluation programs. This legislation primarily affects property owners and assessors in Tennessee.
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