Property Assessors Offices - Tennessee Laws and Regulations
Learn about the laws and regulations governing TN property assessorsTennessee 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
Study the procedures for conducting Tennessee property assessment in a particular jurisdictionLocal 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.
Review Tennessee property assessors laws from law firms in TennesseeTennessee 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.
- 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.
Copyright © 2013 Business.com, Inc. All Rights Reserved.