HB3498 - Tennessee - Equalization Board, Taxes, Real Property

Companion Bill SB3355. Taxes, Real Property - Requires division of property assessments to determine overall appraisal ratio and appraisal ratios for each subclass of real estate when making the appraisal ratio studies in all counties of the state as required by present law. - Amends TCA Title 67. Fiscal Summary for HB3498 / *SB3355 Increase State Expenditures - $432,000 Bill Summary for HB3498 / *SB3355 Under present law, the state board of equalization has the responsibility to determine whether or not property within each county of the state has been valued and assessed in accordance with the constitution and laws of this state. In order to assist the board in its determination, the division of property assessments must conduct appraisal ratio studies in all counties of the state at least every two years unless otherwise determined by the [...]

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