House Bill 733 amends Tennessee property tax appeal procedures, specifically addressing the appeals process for industrial and commercial real and tangible personal property. The bill allows taxpayers to appeal property valuations either to the local board of equalization or directly to the state board of equalization, with a direct appeal needing to be filed by August 1 of the tax year. Additionally, the bill modifies the process for handling disputed tax payments, requiring collecting officials to provide written notice if they decline to accept the disputed portion of tax, and stipulating that such disputed amounts are not considered delinquent while an appeal is pending.

Furthermore, the bill clarifies that if a collecting official declines the disputed tax portion, interest will not accrue on that amount until 30 days after the final assessment certificate is issued by the state board of equalization, and until the undisputed portion is paid. These changes aim to streamline the appeals process and protect taxpayers from penalties while disputes are being resolved.

Statutes affected:
Introduced: 67-5-1412(b)(2), 67-5-1412, 67-5-1512(b)(3), 67-5-1512, 67-5-1512(c)