Amends TCA Title 67, Chapter 5.
Tennessee SB0327 amends the definition of "residential property" within the context of property tax classification and assessment. The bill expands the definition to include any property that can be sold and purchased as a single unit fee simple title, regardless of its occupancy status (vacant, owner-occupied, or rented) or whether it is detached or attached. This change affects property owners and potential buyers by broadening the scope of what is classified as residential property for tax purposes.
Tennessee SB0327 amends the definition of "residential property" within the context of property tax classification and assessment. The bill expands the definition to include any property that can be sold and purchased as a single unit fee simple title, regardless of its occupancy status (vacant, owner-occupied, or rented) or whether it is detached or attached. This change affects property owners and potential buyers by broadening the scope of what is classified as residential property for tax purposes.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records