Amends TCA Title 29, Chapter 16.
Tennessee HB1837 amends Title 29, Chapter 16 of the Tennessee Code Annotated to establish that property owners are entitled to just compensation from public entities if land use regulations enacted by those entities result in a decrease in the fair market value of their property. This bill primarily affects property owners and public entities involved in land use regulation. A key provision of the bill is the requirement for compensation when regulations negatively impact property value.
Tennessee HB1837 amends Title 29, Chapter 16 of the Tennessee Code Annotated to establish that property owners are entitled to just compensation from public entities if land use regulations enacted by those entities result in a decrease in the fair market value of their property. This bill primarily affects property owners and public entities involved in land use regulation. A key provision of the bill is the requirement for compensation when regulations negatively impact property value.
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