HB2160 - Tennessee: Assessors, Housing, Real Property, Taxes, Real Property

Companion Bill SB1955. Housing - Provides for the classification of certain property as affordable housing rental property. - Amends TCA Title 13 and Title 67. Fiscal Summary for HB2160 / *SB1955 Decrease Local Govt. Revenues - Exceeds $1,680,000 Bill Summary for HB2160 / *SB1955 This bill allows a property owner to apply for classification as affordable housing rental property on any assessment roll of any county by filing an application for the classification with the assessor of property. Land or improvements classified by the assessor as affordable housing rental property under the provisions of this bill will be valued in accordance with its present use value. The assessor will determine whether such land or improvements are affordable housing rental property, and, if such determination is made, the assessor will classify and include [...]

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