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TN HB2265

TN HB2265
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, relative to property taxes.


summary

Introduced
02/02/2026
In Committee
02/05/2026
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 Tennessee Comptroller of the Treasury to investigate whether residential property taxes could be based on the most recent sale price of a home instead of the current method, which involves property assessors using assessment manuals to determine value. If the Comptroller conducts this study, they are required to report their findings and any recommendations to the Senate Finance, Ways and Means Committee and the House of Representatives committee responsible for finance matters.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Assigned to s/c Cities & Counties Subcommittee (on 02/05/2026)

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