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 "prior to March 1, no more than the second year following the tax year" to "prior to March 1, no more than the tenth year following the tax year" for which the correction is sought.

This change allows for a significantly extended period during which corrections can be made, thereby providing taxpayers with more flexibility in addressing assessment issues. The act is set to 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