Property Assessors Offices - Tennessee Laws and Regulations
Learn about the laws and regulations governing TN property assessors
Tennessee property assessors offices laws and regulations deal with property taxes that are based on the estimated value of real property. The fair market value is the most common standard of value used in Tennessee, although there are other standards, such as the foreclosure value or distressed sale value. A property tax exemption is applied by reducing a property's assessed value by a specified amount before calculating the property tax.There are a variety of information sources regarding the laws on property assessors in TN. These sources include the three following categories:
- The Tennessee state government. These sources offer official information, including state laws that deal with property assessors in Tennessee.
- County and municipal governments in Tennessee. These sources provide the rules and procedures for a specific property assessors office in Tennessee.
- Tennessee law firms that include property law as one of their areas of practice. These firms may provide information on specific issues of property tax laws in Tennessee.
Examine the laws that control Tennessee property assessor offices
The state government of Tennessee will have specific laws for property tax assessors. Private organizations also provide summaries and general information on property tax assessor laws in Tennessee.
Try: The Tennessee Comptroller of the Treasury provides an overview of the property tax laws in Tennessee. Michie's Legal Resources provides Title 67, Chapter 5 of the Tennessee Code, which specifies the laws regarding property taxes in Tennessee.
Study the procedures for conducting Tennessee property assessment in a particular jurisdiction
Local governments have specific procedures for property assessments and also may offer a Tennessee property tax search. A complete list of Tennessee property tax records may also be available.
Try: The Knox County Property Assessor provides the legislative requirements for property appraisals in Tennessee. The Assessor of Property for Shelby County describes the property tax freeze that is currently in effect in Tennessee.
Review Tennessee property assessors laws from law firms in Tennessee
Tennessee lawyers who specialize in property law frequently offer summaries on the property taxes that are assessed in Tennessee. They also may write articles on specific issues regarding property taxes in Tennessee.
Try: Baker, Donelson, Bearman, Caldwell & Berkowitz practices real estate law and provides an article on proposed changes in Tennessee's tax laws. Paul Billings Law specializes in property assessment law and lists specific information that should be submitted for a property assessment appeal in Tennessee.
- Many laws on a Tennessee property tax assessor are the result of the Financial Institutions Reform and Recovery and Enforcement Act (FIRREA). The savings and loan crisis of the late 80s resulted in the passage of the FIRREA in 1989, which required the adoption of property appraisal standards in the United States.
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