Amends TCA Title 67, Chapter 5.
Tennessee SB2002 proposes to limit the property tax rate set by counties, municipalities, metropolitan governments, and other taxing entities to an amount that does not exceed the previous fiscal year's total receipts plus an additional 2 percent, with certain exceptions. The bill establishes a procedure allowing for the 2 percent increase to be surpassed through a referendum. This legislation impacts local governments and their ability to raise property tax revenues.
Tennessee SB2002 proposes to limit the property tax rate set by counties, municipalities, metropolitan governments, and other taxing entities to an amount that does not exceed the previous fiscal year's total receipts plus an additional 2 percent, with certain exceptions. The bill establishes a procedure allowing for the 2 percent increase to be surpassed through a referendum. This legislation impacts local governments and their ability to raise property tax revenues.
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Hensley, Joey
114th General Assembly
January 22, 2026
March 24, 2026
Assigned to General Subcommittee of Senate State and Local Government Committee