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TN SB2439
TN SB2439AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, relative to property taxes.
summary
Introduced
02/02/2026
02/02/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, urges the comptroller of the treasury to study the feasibility and potential impacts of establishing the value of all residential property as the most recent price paid for the property in lieu of assessors of property appraising the value through the use of assessment manuals; requires a report, if the study is conducted, to be submitted to the finance, ways and means committee of the senate and the committee of the house of representatives having jurisdiction over finance matters. - Amends TCA Title 67, Chapter 5.
AI Summary
This bill urges the comptroller of the treasury, a state official responsible for financial oversight, to investigate whether it's practical and what the consequences might be of valuing all residential properties based on their most recent sale price, rather than how property assessors currently determine value using assessment manuals. If this study is carried out, the comptroller must then provide a report detailing any findings and suggestions to the Senate's finance committee and the House of Representatives' committee that handles financial matters.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Assigned to General Subcommittee of Senate State & Local Government Committee (on 03/02/2026)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2439&ga=114 |
| Fiscal Note - SB2439 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB2439.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2439.pdf |
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