House Bill 699, sponsored by Burkhart, amends Tennessee Code Annotated, Section 67-5-509(d), regarding the correction of property tax assessments. The bill changes the timeframe within which taxpayers or assessors can request corrections to property tax assessments. Specifically, it deletes the existing requirement that corrections must be requested prior to March 1 of the second year following the tax year in question and replaces it with a new provision allowing requests to be made up to ten years after the tax year for which the correction is sought.

This legislation aims to provide taxpayers with a longer period to address potential errors in property tax assessments, thereby enhancing fairness and accuracy in the assessment process. The act will take effect upon becoming law and will apply to assessments for the 2016 tax year and subsequent years.

Statutes affected:
Introduced: 67-5-509(d), 67-5-509