HB1239 - Tennessee - Taxes, Ad Valorem

Companion Bill SB1130. Taxes, Ad Valorem - Requires property taxes to be fixed by the county or municipal legislative body unless the voters of the county have determined by referendum that all increases in property tax rates must be approved through a referendum; authorizes the referendum process. - Amends TCA Title 5; Title 6; Title 7; Title 67, Chapter 6, Part 1 and Title 67, Chapter 5. Fiscal Summary for HB1239 / *SB1130 Increase Local Govt. Expenditures - Not Significant Bill Summary for HB1239 / *SB1130 Under present law, counties and cities may impose property taxes. Generally, the local government fixes the tax rate every year. This bill allows local governments to set their tax rates by referendum (meaning the voters will determine the rate) if the county has first determined, by referendum, that all increases in property [...]

show full description