House Bill 699, sponsored by Burkhart, amends Tennessee Code Annotated, Title 67, Chapter 5, concerning the correction of property tax assessments. The bill modifies the timeline for taxpayers or assessors to request corrections to property tax assessments. Specifically, it changes the deadline from "no more than the second year following the tax year" to "no more than the tenth year following the tax year" for which the correction is sought.

This legislation aims to provide taxpayers with a longer period to address and correct property tax assessments, thereby enhancing fairness and accuracy in property taxation. The bill 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