Bill > HB0402

This bill allows counties in Tennessee to offer a property tax exemption for portions of real property that provide tree canopy cover, but only if the county's local governing body votes to adopt this exemption. The bill defines "tree canopy" in several ways, including as the branches and leaves of trees covering at least 5,000 square feet, or the critical root zone of a group of trees. Property owners can apply for this exemption, and a designated "implementing agency" (like a county planning commission or assessor) will determine the extent of the tree canopy coverage using methods like aerial imagery or field surveys. The exemption only applies to the value of the property covered by the tree canopy, and the county government can choose to apply it to residential, commercial, or both types of properties. The exemption requires approval from the state board of equalization and is generally granted for up to seven years, with potential for recertification. If the tree canopy is removed or reduced, the exemption can be voided, and the owner may owe back taxes.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0402&ga=114