Tennessee House Bill HB0699

Tennessee 2025-2026 Regular Session

• Introduced: 2/3/25
• Refer: 2/6/25

Caption

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, relative to correction of property tax assessments.

Summary

HB0699 extends the time period during which property tax assessments may be corrected under Tennessee law. Under current law, a correction had to be requested by the taxpayer or initiated by the assessor by March 1 of no more than the second year after the tax year in question. This bill changes that deadline to March 1 of no more than the tenth year following the tax year for which the correction is sought. The bill applies to assessments for the 2016 tax year and later, and it takes effect immediately upon becoming law. In practical terms, it gives taxpayers and assessors a much longer window to identify and fix errors in property tax assessments, which could affect tax bills, refunds, and collections for prior years.

Impact

The bill amends Tennessee Code Annotated, Section 67-5-509(d), in Title 67, Chapter 5, governing property taxation. It expands the correction period for property tax assessments from two years to ten years after the relevant tax year, thereby broadening the authority of taxpayers and assessors to seek or initiate corrections. This change may affect county property tax administration, assessment records, and the timing of adjustments to tax liabilities and refunds.

Sentiment

No committee transcripts or recorded votes were provided, so there is no direct evidence of debate or opposition in the available materials. Based on the text alone, the bill appears administrative and remedial in nature, aimed at allowing more time to correct assessment errors rather than changing tax rates or creating new taxes. The available context suggests a neutral to favorable posture toward improving accuracy in property tax administration.

Contention

No specific points of contention are documented in the provided materials. Potential areas of concern, if raised, could include the administrative burden on assessors, the reopening of older tax years, and the fiscal impact of retroactive corrections or refunds. However, no legislators, committees, or stakeholders are identified in the record provided, so any such concerns are speculative rather than evidenced.