Tenn. Code Ann. § 67-5-903 — TN Code / Title 67 / Chapter 5 / Section 67-5-903
Schedules - Property used for business, professions, manufacturing
Status: in_force

(a) All partnerships, corporations, other business associations not issuing stock and individuals operating for profit as a business or profession, including manufacturers, except those whose property is entirely assessable by the comptroller of the treasury, shall be furnished by the assessor not later than February 1 of each year, a schedule requiring the taxpayer to list in detail all tangible personal property owned by the taxpayer and used or held for use in such business or profession, including, but not limited to, furniture, fixtures, machinery and equipment, all raw materials, supplies, but excluding all finished goods in the hands of the manufacturer and the inventories of merchandise held for sale or exchange, such schedule to be approved by the director of property assessments. Failure of the assessor to send a schedule or failure of the taxpayer to receive a schedule shall not relieve or excuse any taxpayer from filing such schedule by March 1, nor shall it prevent the assessor from issuing a forced assessment against the taxpayer. (b) The taxpayer shall list fully the tangible personal property used, or held for use, in the taxpayer's business or profession on the schedule, including such other information relating to the property as may be required by the assessor, place its correct value on the schedule, sign the schedule, and return it to the assessor on or before March 1 of each year. In lieu of detailing acquisition cost on the reporting schedule, the taxpayer may certify that the depreciated value of tangible personal property otherwise reportable on the form is either two thousand dollars ($2,000) or less, or ten thousand dollars ($10,000) or less but greater than two thousand dollars ($2,000). If the taxpayer certifies that the depreciated value of tangible personal property otherwise reportable on the form is two thousand dollars ($2,000) or less, then the assessor shall accept the certification, subject to audit, and fix the value of tangible personal property assessable to the taxpayer at two thousand dollars ($2,000). If the taxpayer certifies that the depreciated value of tangible personal property otherwise reportable on the form is ten thousand dollars ($10,000) or less but greater than two thousand dollars ($2,000), then the assessor shall accept the certification, subject to audit, and fix the value of tangible personal property assessable to the taxpayer at ten thousand dollars ($10,000). This value is subject to equalization pursuant to § 67-5-1509 . The certification stated on the schedule must warn the taxpayer that it is made subject to penalties for perjury, and subject to statutory penalty and costs, if proven false. The taxpayer shall designate on the schedule one (1) or more individuals as owner or owners of the business, or a responsible person or persons in the event of dissolution of a corporate or limited liability entity, for the purposes of § 67-5-513(a) . (c) A taxpayer who fails, refuses or neglects to complete, sign and file the schedule with the assessor of property as provided in subsection (b) shall be deemed to have waived objections to the forced assessment determined by the assessor, subject only to the remedies provided in subsection (d). In determining a forced assessment, the assessor shall consider available evidence indicative of the fair market value of property assessable to the taxpayer under this section, and having determined the assessable value of the property, the assessor shall give the taxpayer notice of the assessment by United States mail, addressed to the last known address of the taxpayer or the taxpayer's agent at least five (5) calendar days before the local board of equalization commences its annual session. (d) The remedies of a taxpayer against whom a forced assessment is made are as follows: (1) The taxpayer may appeal to the county board of equalization pursuant to § 67-5-1407 , but shall present a completed schedule as otherwise provided in this section; (2) If the deadline to appeal to the county board of equalization has expired, then the taxpayer may request the assessor to mitigate the forced assessment by reducing the forced assessment to the standard depreciated value of the taxpayer's assessable property plus twenty-five percent (25%), so long as the failure to file the schedule or failure to timely appeal to the county board of equalization was not the result of gross negligence or willful disregard of the law. Mitigation of the forced assessment shall follow the procedure, including appeal, prescribed for correction of error under § 67-5-509 , but must be requested within the same deadline as provided for amendment of a schedule pursuant to subsection (e). Gross negligence shall be presumed if notice of the forced assessment, in a form approved by the state board of equalization, was sent certified mail, return receipt requested, to the taxpayer's last known address on file with the assessor; (3) Whether or not an assessor's error affected the original assessment, the assessor may correct a forced assessment using the procedure provided and subject to the deadlines provided in § 67-5-509 , upon determining that the taxpayer was not in business as of the assessment date for the year at issue, and upon determining that the taxpayer did not own or lease tangible personal property used or held for use in a business as of the assessment date for the year at issue. (e) The taxpayer may amend a timely filed personal property schedule at any time on or before September 1 following the tax year. A personal property schedule may be amended for the following reasons only: adding or deleting of property to correctly reflect the status of the property as of the assessment date; correcting the reported cost or vintage year of property; correcting the name or address of the taxpayer; deleting property that has been reported more than once resulting in a duplicate assessment; reporting property in the appropriate group; and correcting other reporting clerical errors. However, under no circumstances shall a taxpayer be permitted to amend a personal property schedule to submit an original claim for nonstandard value for property that was not the subject of a properly documented claim of nonstandard value in the timely filed personal property schedule. If the assessor agrees with the amended schedule, the assessor shall thereupon revise the assessment and certify the revised assessment to the trustee. If the assessor believes the assessment should be otherwise than claimed in the amended schedule, the assessor shall adjust the assessment and give written notice to the taxpayer of the adjusted assessment. The taxpayer may appeal the assessor's adjustment of or refusal to accept an amended assessment schedule to the local and state boards of equalization in the manner otherwise provided by law. Additional taxes due as the result of an amended schedule shall not be deemed delinquent on or before sixty (60) days after the date notice of the amended assessment was sent to the taxpayer. Amendment of a personal property schedule shall not be permitted once suit has been filed to collect delinquent taxes related to the original assessment. The assessor shall, within sixty (60) days from receipt of the taxpayer's amended schedule, review and accept or reject the schedule. In any event, the taxpayer shall be notified in writing of the results of the review. If the assessor has not notified the taxpayer that the amended schedule has been accepted or rejected within sixty (60) days, the taxpayer's amended schedule shall be deemed not accepted by the assessor. (f) The schedule approved by the director of property assessments and supplied to taxpayers shall contain schedules reflecting the following rates of allowable depreciated cost for the listed categories of property, as well as spaces for general data on the particular taxpayer: GROUP 1A - Vehicles (five-year life) Year Cost on File Revised Cost Depr. 1 .80 _____________________________________________________________________________________ 2 .60 _____________________________________________________________________________________ 3 .40 _____________________________________________________________________________________ 4 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 1B (eight-year life) _____________________________________________________________________________________ GROUP 1 - Furniture, Fixtures, General Equipment, and All Other Property Not Listed in Another Group Year Cost on File Revised Cost Depr. 1 .88 _____________________________________________________________________________________ 2 .75 _____________________________________________________________________________________ 3 .63 _____________________________________________________________________________________ 4 .50 _____________________________________________________________________________________ 5 .38 _____________________________________________________________________________________ 6 .25 _____________________________________________________________________________________ 7 .20 _____________________________________________________________________________________ Prior _____________________________________________________________________________________ GROUP 2 - Computers, Copiers, Peripherals, and Tools (three-year life) Year Cost on File Revised Cost Depr. _____________________________________________________________________________________ 1 .67 _____________________________________________________________________________________ 2 .33 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 3 - Molds, Dies, and Jigs (four-year life) Year Cost on File Revised Cost Depr. 1 .75 _____________________________________________________________________________________ 2 .50 _____________________________________________________________________________________ 3 .25 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life) Year Cost on File Revised Cost Depr. 1 .92 _____________________________________________________________________________________ 2 .85 _____________________________________________________________________________________ 3 .77 _____________________________________________________________________________________ 4 .69 _____________________________________________________________________________________ 5 .62 _____________________________________________________________________________________ 6 .54 _____________________________________________________________________________________ 7 .46 _____________________________________________________________________________________ 8 .38 _____________________________________________________________________________________ 9 .31 _____________________________________________________________________________________ 10 .23 _____________________________________________________________________________________ 11 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 5 - Manufacturing Machinery (eight-year life) Year Cost on File Revised Cost Depr. _____________________________________________________________________________________ 1 .88 _____________________________________________________________________________________ 2 .75 _____________________________________________________________________________________ 3 .63 _____________________________________________________________________________________ 4 .50 _____________________________________________________________________________________ 5 .38 _____________________________________________________________________________________ 6 .25 _____________________________________________________________________________________ 7 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life) Year Cost on File Revised Cost Depr. 1 .94 _____________________________________________________________________________________ 2 .88 _____________________________________________________________________________________ 3 .81 _____________________________________________________________________________________ 4 .75 _____________________________________________________________________________________ 5 .69 _____________________________________________________________________________________ 6 .63 _____________________________________________________________________________________ 7 .56 _____________________________________________________________________________________ 8 .50 _____________________________________________________________________________________ 9 .44 _____________________________________________________________________________________ 10 .38 _____________________________________________________________________________________ 11 .31 _____________________________________________________________________________________ 12 .25 _____________________________________________________________________________________ 13 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 7 - Scrap Property Year Cost on File Revised Cost Depr. All .02 _____________________________________________________________________________________ _____________________________________________________________________________________ GROUP 8 - Raw Materials and Supplies Cost on File Revised Cost Original cost (g) (1) Tangible personal property that the taxpayer treats as construction-in-process (CIP) for federal income tax purposes as of the assessment date may be reported in the taxpayer's schedule filed with the assessor at fifteen percent (15%) of its cost as reported for federal income tax purposes. Qualified pollution control property shall be valued as provided in § 67-5-604 , notwithstanding its state of completion. (2) No back assessments of CIP, as the term is used in subdivision (g)(1), shall occur prior to January 1, 1994. If back assessments have occurred involving CIP, those assessments shall be voided and all taxes paid shall be refunded to those taxpayers who have an action or claim pending before an assessing authority or court on the CIP issue. (h) Property classified as computers under Group 2 shall include all operational computer software. For purposes of this section, "operational computer software" means embedded software so integral to the operation of a computer that the computer could not perform any valuable or useful function without the software. All other computer software, whether prepackaged or custom, is deemed intangible personal property for purposes of this part and is not subject to tax under this part. If computer software other than operational computer software is included in the sale or lease price of a computer without being separately stated, the cost of the software that is not operational computer software shall be included in the reported cost of the computer, unless an appropriate deduction is established by a claim of nonstandard value or by other means provided under rules of the state board of equalization. This subsection (h) shall not be construed to affect the value or taxable status of any other property subject to tax under this chapter. Nothing in this subsection (h) shall affect a taxpayer's right under § 67-5-902 , to seek a value different from a standard depreciated cost, where the value more closely approximates fair market value. Amended by 2023 Tenn. Acts, ch. 341, s 1, eff. 7/1/2024. Amended by 2014 Tenn. Acts, ch. 938,s 3, eff. 5/19/2014. Amended by 2013 Tenn. Acts, ch. 353, s 33, eff. 5/13/2013. Acts 1973, ch. 226, § 6; 1975, ch. 171, § 12; 1978, ch. 700, § 1; T.C.A., § 67-620; Acts 1990, ch. 898, §§ 3, 5; 1990, ch. 1075, § 2; 1993, ch. 323, §§ 1, 2; 1995, ch. 305, § 124; 1996, ch. 833, § 1; 1998, ch. 898, § 1; 2000, ch. 649, § 3; 2006, ch. 821, § 1; 2007 , ch. 37, § 1; 2007 , ch. 38, § 1; 2007 , ch. 132, §§ 2, 3; 2007 , ch. 179, § 1; 2007 , ch. 292, § 1; 2009 , ch. 163, § 1; 2011 , ch. 93, §§ 1, 4; 2012 , ch. 571, § 1.
(a) All partnerships, corporations, other business associations not issuing stock and individuals operating for profit as a business or profession, including manufacturers, except those whose property is entirely assessable by the comptroller of the treasury, shall be furnished by the assessor not later than February 1 of each year, a schedule requiring the taxpayer to list in detail all tangible personal property owned by the taxpayer and used or held for use in such business or profession, including, but not limited to, furniture, fixtures, machinery and equipment, all raw materials, supplies, but excluding all finished goods in the hands of the manufacturer and the inventories of merchandise held for sale or exchange, such schedule to be approved by the director of property assessments. Failure of the assessor to send a schedule or failure of the taxpayer to receive a schedule shall not relieve or excuse any taxpayer from filing such schedule by March 1, nor shall it prevent the assessor from issuing a forced assessment against the taxpayer.
(b) The taxpayer shall list fully the tangible personal property used, or held for use, in the taxpayer's business or profession on the schedule, including such other information relating to the property as may be required by the assessor, place its correct value on the schedule, sign the schedule, and return it to the assessor on or before March 1 of each year. In lieu of detailing acquisition cost on the reporting schedule, the taxpayer may certify that the depreciated value of tangible personal property otherwise reportable on the form is either two thousand dollars ($2,000) or less, or ten thousand dollars ($10,000) or less but greater than two thousand dollars ($2,000). If the taxpayer certifies that the depreciated value of tangible personal property otherwise reportable on the form is two thousand dollars ($2,000) or less, then the assessor shall accept the certification, subject to audit, and fix the value of tangible personal property assessable to the taxpayer at two thousand dollars ($2,000). If the taxpayer certifies that the depreciated value of tangible personal property otherwise reportable on the form is ten thousand dollars ($10,000) or less but greater than two thousand dollars ($2,000), then the assessor shall accept the certification, subject to audit, and fix the value of tangible personal property assessable to the taxpayer at ten thousand dollars ($10,000). This value is subject to equalization pursuant to § 67-5-1509 . The certification stated on the schedule must warn the taxpayer that it is made subject to penalties for perjury, and subject to statutory penalty and costs, if proven false. The taxpayer shall designate on the schedule one (1) or more individuals as owner or owners of the business, or a responsible person or persons in the event of dissolution of a corporate or limited liability entity, for the purposes of § 67-5-513(a) .
(c) A taxpayer who fails, refuses or neglects to complete, sign and file the schedule with the assessor of property as provided in subsection (b) shall be deemed to have waived objections to the forced assessment determined by the assessor, subject only to the remedies provided in subsection (d). In determining a forced assessment, the assessor shall consider available evidence indicative of the fair market value of property assessable to the taxpayer under this section, and having determined the assessable value of the property, the assessor shall give the taxpayer notice of the assessment by United States mail, addressed to the last known address of the taxpayer or the taxpayer's agent at least five (5) calendar days before the local board of equalization commences its annual session.
(d) The remedies of a taxpayer against whom a forced assessment is made are as follows: (1) The taxpayer may appeal to the county board of equalization pursuant to § 67-5-1407 , but shall present a completed schedule as otherwise provided in this section; (2) If the deadline to appeal to the county board of equalization has expired, then the taxpayer may request the assessor to mitigate the forced assessment by reducing the forced assessment to the standard depreciated value of the taxpayer's assessable property plus twenty-five percent (25%), so long as the failure to file the schedule or failure to timely appeal to the county board of equalization was not the result of gross negligence or willful disregard of the law. Mitigation of the forced assessment shall follow the procedure, including appeal, prescribed for correction of error under § 67-5-509 , but must be requested within the same deadline as provided for amendment of a schedule pursuant to subsection (e). Gross negligence shall be presumed if notice of the forced assessment, in a form approved by the state board of equalization, was sent certified mail, return receipt requested, to the taxpayer's last known address on file with the assessor; (3) Whether or not an assessor's error affected the original assessment, the assessor may correct a forced assessment using the procedure provided and subject to the deadlines provided in § 67-5-509 , upon determining that the taxpayer was not in business as of the assessment date for the year at issue, and upon determining that the taxpayer did not own or lease tangible personal property used or held for use in a business as of the assessment date for the year at issue.
(1) The taxpayer may appeal to the county board of equalization pursuant to § 67-5-1407 , but shall present a completed schedule as otherwise provided in this section;
(2) If the deadline to appeal to the county board of equalization has expired, then the taxpayer may request the assessor to mitigate the forced assessment by reducing the forced assessment to the standard depreciated value of the taxpayer's assessable property plus twenty-five percent (25%), so long as the failure to file the schedule or failure to timely appeal to the county board of equalization was not the result of gross negligence or willful disregard of the law. Mitigation of the forced assessment shall follow the procedure, including appeal, prescribed for correction of error under § 67-5-509 , but must be requested within the same deadline as provided for amendment of a schedule pursuant to subsection (e). Gross negligence shall be presumed if notice of the forced assessment, in a form approved by the state board of equalization, was sent certified mail, return receipt requested, to the taxpayer's last known address on file with the assessor;
(3) Whether or not an assessor's error affected the original assessment, the assessor may correct a forced assessment using the procedure provided and subject to the deadlines provided in § 67-5-509 , upon determining that the taxpayer was not in business as of the assessment date for the year at issue, and upon determining that the taxpayer did not own or lease tangible personal property used or held for use in a business as of the assessment date for the year at issue.
(e) The taxpayer may amend a timely filed personal property schedule at any time on or before September 1 following the tax year. A personal property schedule may be amended for the following reasons only: adding or deleting of property to correctly reflect the status of the property as of the assessment date; correcting the reported cost or vintage year of property; correcting the name or address of the taxpayer; deleting property that has been reported more than once resulting in a duplicate assessment; reporting property in the appropriate group; and correcting other reporting clerical errors. However, under no circumstances shall a taxpayer be permitted to amend a personal property schedule to submit an original claim for nonstandard value for property that was not the subject of a properly documented claim of nonstandard value in the timely filed personal property schedule. If the assessor agrees with the amended schedule, the assessor shall thereupon revise the assessment and certify the revised assessment to the trustee. If the assessor believes the assessment should be otherwise than claimed in the amended schedule, the assessor shall adjust the assessment and give written notice to the taxpayer of the adjusted assessment. The taxpayer may appeal the assessor's adjustment of or refusal to accept an amended assessment schedule to the local and state boards of equalization in the manner otherwise provided by law. Additional taxes due as the result of an amended schedule shall not be deemed delinquent on or before sixty (60) days after the date notice of the amended assessment was sent to the taxpayer. Amendment of a personal property schedule shall not be permitted once suit has been filed to collect delinquent taxes related to the original assessment. The assessor shall, within sixty (60) days from receipt of the taxpayer's amended schedule, review and accept or reject the schedule. In any event, the taxpayer shall be notified in writing of the results of the review. If the assessor has not notified the taxpayer that the amended schedule has been accepted or rejected within sixty (60) days, the taxpayer's amended schedule shall be deemed not accepted by the assessor.
(f) The schedule approved by the director of property assessments and supplied to taxpayers shall contain schedules reflecting the following rates of allowable depreciated cost for the listed categories of property, as well as spaces for general data on the particular taxpayer: GROUP 1A - Vehicles (five-year life) Year Cost on File Revised Cost Depr. 1 .80 _____________________________________________________________________________________ 2 .60 _____________________________________________________________________________________ 3 .40 _____________________________________________________________________________________ 4 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 1B (eight-year life) _____________________________________________________________________________________ GROUP 1 - Furniture, Fixtures, General Equipment, and All Other Property Not Listed in Another Group Year Cost on File Revised Cost Depr. 1 .88 _____________________________________________________________________________________ 2 .75 _____________________________________________________________________________________ 3 .63 _____________________________________________________________________________________ 4 .50 _____________________________________________________________________________________ 5 .38 _____________________________________________________________________________________ 6 .25 _____________________________________________________________________________________ 7 .20 _____________________________________________________________________________________ Prior _____________________________________________________________________________________ GROUP 2 - Computers, Copiers, Peripherals, and Tools (three-year life) Year Cost on File Revised Cost Depr. _____________________________________________________________________________________ 1 .67 _____________________________________________________________________________________ 2 .33 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 3 - Molds, Dies, and Jigs (four-year life) Year Cost on File Revised Cost Depr. 1 .75 _____________________________________________________________________________________ 2 .50 _____________________________________________________________________________________ 3 .25 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life) Year Cost on File Revised Cost Depr. 1 .92 _____________________________________________________________________________________ 2 .85 _____________________________________________________________________________________ 3 .77 _____________________________________________________________________________________ 4 .69 _____________________________________________________________________________________ 5 .62 _____________________________________________________________________________________ 6 .54 _____________________________________________________________________________________ 7 .46 _____________________________________________________________________________________ 8 .38 _____________________________________________________________________________________ 9 .31 _____________________________________________________________________________________ 10 .23 _____________________________________________________________________________________ 11 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 5 - Manufacturing Machinery (eight-year life) Year Cost on File Revised Cost Depr. _____________________________________________________________________________________ 1 .88 _____________________________________________________________________________________ 2 .75 _____________________________________________________________________________________ 3 .63 _____________________________________________________________________________________ 4 .50 _____________________________________________________________________________________ 5 .38 _____________________________________________________________________________________ 6 .25 _____________________________________________________________________________________ 7 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life) Year Cost on File Revised Cost Depr. 1 .94 _____________________________________________________________________________________ 2 .88 _____________________________________________________________________________________ 3 .81 _____________________________________________________________________________________ 4 .75 _____________________________________________________________________________________ 5 .69 _____________________________________________________________________________________ 6 .63 _____________________________________________________________________________________ 7 .56 _____________________________________________________________________________________ 8 .50 _____________________________________________________________________________________ 9 .44 _____________________________________________________________________________________ 10 .38 _____________________________________________________________________________________ 11 .31 _____________________________________________________________________________________ 12 .25 _____________________________________________________________________________________ 13 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________ GROUP 7 - Scrap Property Year Cost on File Revised Cost Depr. All .02 _____________________________________________________________________________________ _____________________________________________________________________________________ GROUP 8 - Raw Materials and Supplies Cost on File Revised Cost Original cost
GROUP 1A - Vehicles (five-year life)
Year Cost on File Revised Cost Depr. 1 .80 _____________________________________________________________________________________ 2 .60 _____________________________________________________________________________________ 3 .40 _____________________________________________________________________________________ 4 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________
Year
Cost on File
Revised Cost
Depr.
1
.80
_____________________________________________________________________________________
2
.60
_____________________________________________________________________________________
3
.40
_____________________________________________________________________________________
4
.20
_____________________________________________________________________________________
Prior
.20
_____________________________________________________________________________________
TOTAL
_____________________________________________________________________________________
GROUP 1B (eight-year life)
_____________________________________________________________________________________
GROUP 1 - Furniture, Fixtures, General Equipment, and All Other Property Not Listed in Another Group
Year Cost on File Revised Cost Depr. 1 .88 _____________________________________________________________________________________ 2 .75 _____________________________________________________________________________________ 3 .63 _____________________________________________________________________________________ 4 .50 _____________________________________________________________________________________ 5 .38 _____________________________________________________________________________________ 6 .25 _____________________________________________________________________________________ 7 .20 _____________________________________________________________________________________ Prior _____________________________________________________________________________________
Year
Cost on File
Revised Cost
Depr.
1
.88
_____________________________________________________________________________________
2
.75
_____________________________________________________________________________________
3
.63
_____________________________________________________________________________________
4
.50
_____________________________________________________________________________________
5
.38
_____________________________________________________________________________________
6
.25
_____________________________________________________________________________________
7
.20
_____________________________________________________________________________________
Prior
_____________________________________________________________________________________
GROUP 2 - Computers, Copiers, Peripherals, and Tools (three-year life)
Year Cost on File Revised Cost Depr. _____________________________________________________________________________________ 1 .67 _____________________________________________________________________________________ 2 .33 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________
Year
Cost on File
Revised Cost
Depr.
_____________________________________________________________________________________
1
.67
_____________________________________________________________________________________
2
.33
_____________________________________________________________________________________
Prior
.20
_____________________________________________________________________________________
TOTAL
_____________________________________________________________________________________
GROUP 3 - Molds, Dies, and Jigs (four-year life)
Year Cost on File Revised Cost Depr. 1 .75 _____________________________________________________________________________________ 2 .50 _____________________________________________________________________________________ 3 .25 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________
Year
Cost on File
Revised Cost
Depr.
1
.75
_____________________________________________________________________________________
2
.50
_____________________________________________________________________________________
3
.25
_____________________________________________________________________________________
Prior
.20
_____________________________________________________________________________________
TOTAL
_____________________________________________________________________________________
GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)
Year Cost on File Revised Cost Depr. 1 .92 _____________________________________________________________________________________ 2 .85 _____________________________________________________________________________________ 3 .77 _____________________________________________________________________________________ 4 .69 _____________________________________________________________________________________ 5 .62 _____________________________________________________________________________________ 6 .54 _____________________________________________________________________________________ 7 .46 _____________________________________________________________________________________ 8 .38 _____________________________________________________________________________________ 9 .31 _____________________________________________________________________________________ 10 .23 _____________________________________________________________________________________ 11 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________
Year
Cost on File
Revised Cost
Depr.
1
.92
_____________________________________________________________________________________
2
.85
_____________________________________________________________________________________
3
.77
_____________________________________________________________________________________
4
.69
_____________________________________________________________________________________
5
.62
_____________________________________________________________________________________
6
.54
_____________________________________________________________________________________
7
.46
_____________________________________________________________________________________
8
.38
_____________________________________________________________________________________
9
.31
_____________________________________________________________________________________
10
.23
_____________________________________________________________________________________
11
.20
_____________________________________________________________________________________
Prior
.20
_____________________________________________________________________________________
TOTAL
_____________________________________________________________________________________
GROUP 5 - Manufacturing Machinery (eight-year life)
Year Cost on File Revised Cost Depr. _____________________________________________________________________________________ 1 .88 _____________________________________________________________________________________ 2 .75 _____________________________________________________________________________________ 3 .63 _____________________________________________________________________________________ 4 .50 _____________________________________________________________________________________ 5 .38 _____________________________________________________________________________________ 6 .25 _____________________________________________________________________________________ 7 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________
Year
Cost on File
Revised Cost
Depr.
_____________________________________________________________________________________
1
.88
_____________________________________________________________________________________
2
.75
_____________________________________________________________________________________
3
.63
_____________________________________________________________________________________
4
.50
_____________________________________________________________________________________
5
.38
_____________________________________________________________________________________
6
.25
_____________________________________________________________________________________
7
.20
_____________________________________________________________________________________
Prior
.20
_____________________________________________________________________________________
TOTAL
_____________________________________________________________________________________
GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)
Year Cost on File Revised Cost Depr. 1 .94 _____________________________________________________________________________________ 2 .88 _____________________________________________________________________________________ 3 .81 _____________________________________________________________________________________ 4 .75 _____________________________________________________________________________________ 5 .69 _____________________________________________________________________________________ 6 .63 _____________________________________________________________________________________ 7 .56 _____________________________________________________________________________________ 8 .50 _____________________________________________________________________________________ 9 .44 _____________________________________________________________________________________ 10 .38 _____________________________________________________________________________________ 11 .31 _____________________________________________________________________________________ 12 .25 _____________________________________________________________________________________ 13 .20 _____________________________________________________________________________________ Prior .20 _____________________________________________________________________________________ TOTAL _____________________________________________________________________________________
Year
Cost on File
Revised Cost
Depr.
1
.94
_____________________________________________________________________________________
2
.88
_____________________________________________________________________________________
3
.81
_____________________________________________________________________________________
4
.75
_____________________________________________________________________________________
5
.69
_____________________________________________________________________________________
6
.63
_____________________________________________________________________________________
7
.56
_____________________________________________________________________________________
8
.50
_____________________________________________________________________________________
9
.44
_____________________________________________________________________________________
10
.38
_____________________________________________________________________________________
11
.31
_____________________________________________________________________________________
12
.25
_____________________________________________________________________________________
13
.20
_____________________________________________________________________________________
Prior
.20
_____________________________________________________________________________________
TOTAL
_____________________________________________________________________________________
GROUP 7 - Scrap Property
Year Cost on File Revised Cost Depr. All .02 _____________________________________________________________________________________ _____________________________________________________________________________________
Year
Cost on File
Revised Cost
Depr.
All
.02
_____________________________________________________________________________________
GROUP 8 - Raw Materials and Supplies
Cost on File Revised Cost Original cost
Cost on File
Revised Cost
Original cost
(g) (1) Tangible personal property that the taxpayer treats as construction-in-process (CIP) for federal income tax purposes as of the assessment date may be reported in the taxpayer's schedule filed with the assessor at fifteen percent (15%) of its cost as reported for federal income tax purposes. Qualified pollution control property shall be valued as provided in § 67-5-604 , notwithstanding its state of completion. (2) No back assessments of CIP, as the term is used in subdivision (g)(1), shall occur prior to January 1, 1994. If back assessments have occurred involving CIP, those assessments shall be voided and all taxes paid shall be refunded to those taxpayers who have an action or claim pending before an assessing authority or court on the CIP issue.
(1) Tangible personal property that the taxpayer treats as construction-in-process (CIP) for federal income tax purposes as of the assessment date may be reported in the taxpayer's schedule filed with the assessor at fifteen percent (15%) of its cost as reported for federal income tax purposes. Qualified pollution control property shall be valued as provided in § 67-5-604 , notwithstanding its state of completion.
(2) No back assessments of CIP, as the term is used in subdivision (g)(1), shall occur prior to January 1, 1994. If back assessments have occurred involving CIP, those assessments shall be voided and all taxes paid shall be refunded to those taxpayers who have an action or claim pending before an assessing authority or court on the CIP issue.
(h) Property classified as computers under Group 2 shall include all operational computer software. For purposes of this section, "operational computer software" means embedded software so integral to the operation of a computer that the computer could not perform any valuable or useful function without the software. All other computer software, whether prepackaged or custom, is deemed intangible personal property for purposes of this part and is not subject to tax under this part. If computer software other than operational computer software is included in the sale or lease price of a computer without being separately stated, the cost of the software that is not operational computer software shall be included in the reported cost of the computer, unless an appropriate deduction is established by a claim of nonstandard value or by other means provided under rules of the state board of equalization. This subsection (h) shall not be construed to affect the value or taxable status of any other property subject to tax under this chapter. Nothing in this subsection (h) shall affect a taxpayer's right under § 67-5-902 , to seek a value different from a standard depreciated cost, where the value more closely approximates fair market value.
Amended by 2023 Tenn. Acts, ch. 341, s 1, eff. 7/1/2024.
Amended by 2014 Tenn. Acts, ch. 938,s 3, eff. 5/19/2014.
Amended by 2013 Tenn. Acts, ch. 353, s 33, eff. 5/13/2013.
Acts 1973, ch. 226, § 6; 1975, ch. 171, § 12; 1978, ch. 700, § 1; T.C.A., § 67-620; Acts 1990, ch. 898, §§ 3, 5; 1990, ch. 1075, § 2; 1993, ch. 323, §§ 1, 2; 1995, ch. 305, § 124; 1996, ch. 833, § 1; 1998, ch. 898, § 1; 2000, ch. 649, § 3; 2006, ch. 821, § 1; 2007 , ch. 37, § 1; 2007 , ch. 38, § 1; 2007 , ch. 132, §§ 2, 3; 2007 , ch. 179, § 1; 2007 , ch. 292, § 1; 2009 , ch. 163, § 1; 2011 , ch. 93, §§ 1, 4; 2012 , ch. 571, § 1.
Tenn. Code Ann. § 67-3-605 — TN Code / Title 67 / Chapter 3 / Section 67-3-605
Transporter's license
Status: in_force

Any person who is not licensed as a supplier, exporter or importer shall obtain a transporter's license before transporting petroleum products, by whatever manner from a point outside this state to a point inside this state, from a point inside this state to a point outside this state, or from a refinery in this state, if the person is engaged for hire. Acts 1997, ch. 316, § 1; T.C.A., § 67-3-1705.
Any person who is not licensed as a supplier, exporter or importer shall obtain a transporter's license before transporting petroleum products, by whatever manner from a point outside this state to a point inside this state, from a point inside this state to a point outside this state, or from a refinery in this state, if the person is engaged for hire.
Acts 1997, ch. 316, § 1; T.C.A., § 67-3-1705.
Tenn. Code Ann. § 67-5-1514 — TN Code / Title 67 / Chapter 5 / Section 67-5-1514
Assistance of agents - Qualifications, registration, disciplinary action
Status: in_force

(a) At, or in connection with, any conference or hearing held pursuant to this part, or pursuant to part 14 of this chapter, taxpayers and assessors of property shall be entitled to the assistance of a qualified agent and of such other persons as they may wish. (b) At any conference or hearing held pursuant to this part, or with respect to the filing of appeals pursuant to § 67-5-1412 , taxpayers and assessors of property may appear in person, by qualified agent, or, in the case of taxpayers, by a member of the taxpayer's immediate family. (c) (1) The following persons are permitted to act, appear and participate as an agent for the taxpayer: (A) Attorneys; (B) With respect to a corporation or other artificial entity, its regular officers, directors or employees; (C) Where the only issue of an appeal is the valuation of tangible personal property, a certified public accountant; and (D) Where the primary issue of any complaint, protest or appeal pertains to those grounds as provided in § 67-5-1407 , any person who holds a valid registration issued by the board of equalization. (2) The board of equalization shall, upon receipt of a registration fee of two hundred dollars ($200), register as an agent any person who presents satisfactory evidence that the person has: (A) Not less than four (4) years of experience in real property appraisal and/or assessment valuation; and (B) (i) Successfully completed not less than one hundred twenty (120) classroom hours of academic instruction in subjects of which the primary substance relates to property appraisal or assessment of property from a college or university, or from a nationally recognized appraisal or assessment organization approved by the board; (ii) Passed the examination for Tennessee certified assessor as administered by the board; and (iii) No person shall be required to meet the additional registration qualifications required by this section if such person has registered or applied for registration prior to June 30, 2002. (3) The board may, in lieu of the evidence required in subdivision (c)(2), recognize and accept certain professional designations which are awarded by appraisal and/or assessment organizations on the basis of qualifications at least equal to those set forth therein. (4) The board may charge a reasonable fee, not to exceed fifty dollars ($50.00), for administration of the examination for Tennessee certified assessor to an applicant for registration under this section. (5) A corporation engaged in the business of evaluation of property may be registered if its principal officer is registered, but only employees of the corporation who are registered shall be permitted to act as agents for taxpayers. The fee for registration and renewal of registration shall be the same as provided for agents in this subsection (c). (d) Where the primary issue of any complaint, protest or appeal pertains to those grounds as provided in § 67-5-1407 , then all conferences or hearings shall be conducted in an informal manner. (e) (1) An assessor of property may delegate duties to be performed under this chapter to any of the assessor's deputies. (2) The following persons are permitted to represent the assessor of property in any contested case before the state board of equalization: (A) Attorneys, including attorneys with the division of property assessments; (B) With respect to the assessor's office, any person designated as deputy assessor; (C) Where the only issue of an appeal is the valuation of tangible personal property, a certified public accountant, any person that has contracted with that particular county or assessor of property, or both, to review financial information relative to the subject taxpayer's personal property and the tax on the personal property or any person with a personal property designation from any nationally accredited appraisal organization or assessment organization, or both; (D) Employees of the division of property assessments where the employees have attained any type of designation by the International Association of Assessing Officers or the Tennessee Certified Assessor's Program; and (E) Where the primary issue of any complaint, protest or appeal pertains to those grounds as provided in § 67-5-1407 , any person who holds a valid registration issued by the board of equalization pursuant to subdivision (c)(2). (f) (1) The board may reprimand, revoke, or suspend from practice or place on probation or otherwise discipline any agent for any of the acts set forth below: (A) Procuring or attempting to procure registration pursuant to this part by knowingly making a false statement, submitting false information, or through any form of fraud; (B) Failing to meet the minimum qualifications established by this section; (C) Paying money or other valuable consideration, other than as provided for by this section, to any member or employee of the board to procure registration under this section; or (D) Any act or omission involving dishonesty or fraud that could substantially benefit the registrant or another person or with the intent to substantially injure another person. (2) The board may adopt additional standards of conduct, if any, regarding all agents when appearing at any conference or hearing pursuant to this section. (3) There is hereby created within the board a regulatory panel, to consist of six (6) members, each of whom shall serve a two-year term, the members to be selected by the board from among a list of individual agents who are registered with the board and who have been nominated to serve on the panel by individual agents who are registered with the board. The panel may adopt standards of conduct for all agents, which standards then shall be subject to approval by the board. The majority of the panel constitutes a quorum and the affirmative vote of two-thirds (2/3) majority of the panel, or two-thirds (2/3) majority vote of the board upon appeal, is necessary for disciplinary action against any agent. (4) Upon receipt of a written complaint made against any agent, the executive secretary, if the executive secretary determines that the complaint warrants an investigation, shall notify the agent, and the agent shall file an answer to the complaint with the executive secretary within forty-five (45) days from receipt of notice. Following receipt of the agent's answer to the complaint, the executive secretary shall appoint an administrative judge from the staff of the board who shall investigate the complaint. The administrative judge may dismiss the complaint or determine that a hearing is required. Any such hearing shall be conducted by the panel, and the panel may discipline any agent in any manner provided in this section. Within forty-five (45) days from the date of the panel's disciplinary decision, the disciplined agent may appeal the panel's decision to the board. In the event of such appeal, the members of the board shall conduct a hearing and may confirm or dismiss the panel's disciplinary decision. (5) (A) All agents' registrations issued by the board under this section shall expire on June 30 of each even-numbered year, and shall be invalid after that date unless renewed. Subject to subsection (h), such registrations may be renewed on or before the expiration date by remitting to the board the biennial registration fee of two hundred dollars ($200). (B) Subject to subsection (h), an agent's registration may be renewed: (i) On or before the expiration date, by remitting to the board the biennial registration fee of two hundred dollars ($200); (ii) Within a period of one (1) year after the expiration date, by remitting to the board the biennial registration fee of two hundred dollars ($200) plus a late renewal fee of fifty dollars ($50.00). (C) Any person whose registration has lapsed for a period of more than one (1) year must reapply for registration. (g) Any written solicitation of business, by letter, advertisement, or otherwise, by any person other than an attorney, who qualifies as an agent under this section shall contain, in type large enough to be easily readable, a disclaimer substantially as follows: "Taxpayer agents who are not lawyers may only appear on your behalf before the state board of equalization on matters of classification, assessment, and/or valuation, and may not represent you in a court of law." (h) The agent regulatory panel may adopt and revise standards for continuing education to be imposed as a condition for renewal of an agent's registration under this section, which standards and revisions shall be subject to approval by the board. The board and panel may approve a continuing education program conducted by its staff, and the board may charge agents attending for credit a fee in an amount sufficient to defray the cost of the program. (i) All other provisions of this section notwithstanding, this section shall not apply in any manner to the representation of a taxpayer by an attorney. (j) No provision in this section is intended to require that any person must be an attorney, certified public accountant, agent registered with the board, or otherwise in order to act as an agent for a taxpayer before a county board of equalization. (k) Application for registration or renewal of registration by a person or a firm not a resident of this state shall constitute appointment of the secretary of state as the applicant's agent upon whom process may be served in any action or proceeding against the applicant arising out of any transaction or operation connected with or incidental to services performed by the applicant while a registrant within this state. Service of process on the secretary of state shall be made in the manner set forth in §§ 20-2-215 and 20-2-216 . The board may waive any registration requirement for an applicant who holds a valid registration certificate or license issued by another state that has requirements for licensing or registration of property taxpayer agents that are at least equal to the requirements of this state. An applicant for reciprocity shall apply in the same manner as any other applicant and shall furnish the board with documents and other evidence substantiating the applicant's qualifications as required by the board. Amended by 2014 Tenn. Acts, ch. 738, s 1, eff. 4/22/2014. Acts 1988, ch. 619, §§ 1, 2; 1990, ch. 807, § 1; 1992, ch. 1024, §§ 3-6; 1998, ch. 697, §§ 1 - 4; 1998, ch. 1066, § 6; 2002, ch. 753, §§ 1 - 3; 2009 , ch. 256, § 2; 2012 , ch. 638, § 1.
(a) At, or in connection with, any conference or hearing held pursuant to this part, or pursuant to part 14 of this chapter, taxpayers and assessors of property shall be entitled to the assistance of a qualified agent and of such other persons as they may wish.
(b) At any conference or hearing held pursuant to this part, or with respect to the filing of appeals pursuant to § 67-5-1412 , taxpayers and assessors of property may appear in person, by qualified agent, or, in the case of taxpayers, by a member of the taxpayer's immediate family.
(c) (1) The following persons are permitted to act, appear and participate as an agent for the taxpayer: (A) Attorneys; (B) With respect to a corporation or other artificial entity, its regular officers, directors or employees; (C) Where the only issue of an appeal is the valuation of tangible personal property, a certified public accountant; and (D) Where the primary issue of any complaint, protest or appeal pertains to those grounds as provided in § 67-5-1407 , any person who holds a valid registration issued by the board of equalization. (2) The board of equalization shall, upon receipt of a registration fee of two hundred dollars ($200), register as an agent any person who presents satisfactory evidence that the person has: (A) Not less than four (4) years of experience in real property appraisal and/or assessment valuation; and (B) (i) Successfully completed not less than one hundred twenty (120) classroom hours of academic instruction in subjects of which the primary substance relates to property appraisal or assessment of property from a college or university, or from a nationally recognized appraisal or assessment organization approved by the board; (ii) Passed the examination for Tennessee certified assessor as administered by the board; and (iii) No person shall be required to meet the additional registration qualifications required by this section if such person has registered or applied for registration prior to June 30, 2002. (3) The board may, in lieu of the evidence required in subdivision (c)(2), recognize and accept certain professional designations which are awarded by appraisal and/or assessment organizations on the basis of qualifications at least equal to those set forth therein. (4) The board may charge a reasonable fee, not to exceed fifty dollars ($50.00), for administration of the examination for Tennessee certified assessor to an applicant for registration under this section. (5) A corporation engaged in the business of evaluation of property may be registered if its principal officer is registered, but only employees of the corporation who are registered shall be permitted to act as agents for taxpayers. The fee for registration and renewal of registration shall be the same as provided for agents in this subsection (c).
(1) The following persons are permitted to act, appear and participate as an agent for the taxpayer: (A) Attorneys; (B) With respect to a corporation or other artificial entity, its regular officers, directors or employees; (C) Where the only issue of an appeal is the valuation of tangible personal property, a certified public accountant; and (D) Where the primary issue of any complaint, protest or appeal pertains to those grounds as provided in § 67-5-1407 , any person who holds a valid registration issued by the board of equalization.
(A) Attorneys;
(B) With respect to a corporation or other artificial entity, its regular officers, directors or employees;
(C) Where the only issue of an appeal is the valuation of tangible personal property, a certified public accountant; and
(D) Where the primary issue of any complaint, protest or appeal pertains to those grounds as provided in § 67-5-1407 , any person who holds a valid registration issued by the board of equalization.
(2) The board of equalization shall, upon receipt of a registration fee of two hundred dollars ($200), register as an agent any person who presents satisfactory evidence that the person has: (A) Not less than four (4) years of experience in real property appraisal and/or assessment valuation; and (B) (i) Successfully completed not less than one hundred twenty (120) classroom hours of academic instruction in subjects of which the primary substance relates to property appraisal or assessment of property from a college or university, or from a nationally recognized appraisal or assessment organization approved by the board; (ii) Passed the examination for Tennessee certified assessor as administered by the board; and (iii) No person shall be required to meet the additional registration qualifications required by this section if such person has registered or applied for registration prior to June 30, 2002.
(A) Not less than four (4) years of experience in real property appraisal and/or assessment valuation; and
(B) (i) Successfully completed not less than one hundred twenty (120) classroom hours of academic instruction in subjects of which the primary substance relates to property appraisal or assessment of property from a college or university, or from a nationally recognized appraisal or assessment organization approved by the board; (ii) Passed the examination for Tennessee certified assessor as administered by the board; and (iii) No person shall be required to meet the additional registration qualifications required by this section if such person has registered or applied for registration prior to June 30, 2002.
(i) Successfully completed not less than one hundred twenty (120) classroom hours of academic instruction in subjects of which the primary substance relates to property appraisal or assessment of property from a college or university, or from a nationally recognized appraisal or assessment organization approved by the board;
(ii) Passed the examination for Tennessee certified assessor as administered by the board; and
(iii) No person shall be required to meet the additional registration qualifications required by this section if such person has registered or applied for registration prior to June 30, 2002.
(3) The board may, in lieu of the evidence required in subdivision (c)(2), recognize and accept certain professional designations which are awarded by appraisal and/or assessment organizations on the basis of qualifications at least equal to those set forth therein.
(4) The board may charge a reasonable fee, not to exceed fifty dollars ($50.00), for administration of the examination for Tennessee certified assessor to an applicant for registration under this section.
(5) A corporation engaged in the business of evaluation of property may be registered if its principal officer is registered, but only employees of the corporation who are registered shall be permitted to act as agents for taxpayers. The fee for registration and renewal of registration shall be the same as provided for agents in this subsection (c).
(d) Where the primary issue of any complaint, protest or appeal pertains to those grounds as provided in § 67-5-1407 , then all conferences or hearings shall be conducted in an informal manner.
(e) (1) An assessor of property may delegate duties to be performed under this chapter to any of the assessor's deputies. (2) The following persons are permitted to represent the assessor of property in any contested case before the state board of equalization: (A) Attorneys, including attorneys with the division of property assessments; (B) With respect to the assessor's office, any person designated as deputy assessor; (C) Where the only issue of an appeal is the valuation of tangible personal property, a certified public accountant, any person that has contracted with that particular county or assessor of property, or both, to review financial information relative to the subject taxpayer's personal property and the tax on the personal property or any person with a personal property designation from any nationally accredited appraisal organization or assessment organization, or both; (D) Employees of the division of property assessments where the employees have attained any type of designation by the International Association of Assessing Officers or the Tennessee Certified Assessor's Program; and (E) Where the primary issue of any complaint, protest or appeal pertains to those grounds as provided in § 67-5-1407 , any person who holds a valid registration issued by the board of equalization pursuant to subdivision (c)(2).
(1) An assessor of property may delegate duties to be performed under this chapter to any of the assessor's deputies.
(2) The following persons are permitted to represent the assessor of property in any contested case before the state board of equalization: (A) Attorneys, including attorneys with the division of property assessments; (B) With respect to the assessor's office, any person designated as deputy assessor; (C) Where the only issue of an appeal is the valuation of tangible personal property, a certified public accountant, any person that has contracted with that particular county or assessor of property, or both, to review financial information relative to the subject taxpayer's personal property and the tax on the personal property or any person with a personal property designation from any nationally accredited appraisal organization or assessment organization, or both; (D) Employees of the division of property assessments where the employees have attained any type of designation by the International Association of Assessing Officers or the Tennessee Certified Assessor's Program; and (E) Where the primary issue of any complaint, protest or appeal pertains to those grounds as provided in § 67-5-1407 , any person who holds a valid registration issued by the board of equalization pursuant to subdivision (c)(2).
(A) Attorneys, including attorneys with the division of property assessments;
(B) With respect to the assessor's office, any person designated as deputy assessor;
(C) Where the only issue of an appeal is the valuation of tangible personal property, a certified public accountant, any person that has contracted with that particular county or assessor of property, or both, to review financial information relative to the subject taxpayer's personal property and the tax on the personal property or any person with a personal property designation from any nationally accredited appraisal organization or assessment organization, or both;
(D) Employees of the division of property assessments where the employees have attained any type of designation by the International Association of Assessing Officers or the Tennessee Certified Assessor's Program; and
(E) Where the primary issue of any complaint, protest or appeal pertains to those grounds as provided in § 67-5-1407 , any person who holds a valid registration issued by the board of equalization pursuant to subdivision (c)(2).
(f) (1) The board may reprimand, revoke, or suspend from practice or place on probation or otherwise discipline any agent for any of the acts set forth below: (A) Procuring or attempting to procure registration pursuant to this part by knowingly making a false statement, submitting false information, or through any form of fraud; (B) Failing to meet the minimum qualifications established by this section; (C) Paying money or other valuable consideration, other than as provided for by this section, to any member or employee of the board to procure registration under this section; or (D) Any act or omission involving dishonesty or fraud that could substantially benefit the registrant or another person or with the intent to substantially injure another person. (2) The board may adopt additional standards of conduct, if any, regarding all agents when appearing at any conference or hearing pursuant to this section. (3) There is hereby created within the board a regulatory panel, to consist of six (6) members, each of whom shall serve a two-year term, the members to be selected by the board from among a list of individual agents who are registered with the board and who have been nominated to serve on the panel by individual agents who are registered with the board. The panel may adopt standards of conduct for all agents, which standards then shall be subject to approval by the board. The majority of the panel constitutes a quorum and the affirmative vote of two-thirds (2/3) majority of the panel, or two-thirds (2/3) majority vote of the board upon appeal, is necessary for disciplinary action against any agent. (4) Upon receipt of a written complaint made against any agent, the executive secretary, if the executive secretary determines that the complaint warrants an investigation, shall notify the agent, and the agent shall file an answer to the complaint with the executive secretary within forty-five (45) days from receipt of notice. Following receipt of the agent's answer to the complaint, the executive secretary shall appoint an administrative judge from the staff of the board who shall investigate the complaint. The administrative judge may dismiss the complaint or determine that a hearing is required. Any such hearing shall be conducted by the panel, and the panel may discipline any agent in any manner provided in this section. Within forty-five (45) days from the date of the panel's disciplinary decision, the disciplined agent may appeal the panel's decision to the board. In the event of such appeal, the members of the board shall conduct a hearing and may confirm or dismiss the panel's disciplinary decision. (5) (A) All agents' registrations issued by the board under this section shall expire on June 30 of each even-numbered year, and shall be invalid after that date unless renewed. Subject to subsection (h), such registrations may be renewed on or before the expiration date by remitting to the board the biennial registration fee of two hundred dollars ($200). (B) Subject to subsection (h), an agent's registration may be renewed: (i) On or before the expiration date, by remitting to the board the biennial registration fee of two hundred dollars ($200); (ii) Within a period of one (1) year after the expiration date, by remitting to the board the biennial registration fee of two hundred dollars ($200) plus a late renewal fee of fifty dollars ($50.00). (C) Any person whose registration has lapsed for a period of more than one (1) year must reapply for registration.
(1) The board may reprimand, revoke, or suspend from practice or place on probation or otherwise discipline any agent for any of the acts set forth below: (A) Procuring or attempting to procure registration pursuant to this part by knowingly making a false statement, submitting false information, or through any form of fraud; (B) Failing to meet the minimum qualifications established by this section; (C) Paying money or other valuable consideration, other than as provided for by this section, to any member or employee of the board to procure registration under this section; or (D) Any act or omission involving dishonesty or fraud that could substantially benefit the registrant or another person or with the intent to substantially injure another person.
(A) Procuring or attempting to procure registration pursuant to this part by knowingly making a false statement, submitting false information, or through any form of fraud;
(B) Failing to meet the minimum qualifications established by this section;
(C) Paying money or other valuable consideration, other than as provided for by this section, to any member or employee of the board to procure registration under this section; or
(D) Any act or omission involving dishonesty or fraud that could substantially benefit the registrant or another person or with the intent to substantially injure another person.
(2) The board may adopt additional standards of conduct, if any, regarding all agents when appearing at any conference or hearing pursuant to this section.
(3) There is hereby created within the board a regulatory panel, to consist of six (6) members, each of whom shall serve a two-year term, the members to be selected by the board from among a list of individual agents who are registered with the board and who have been nominated to serve on the panel by individual agents who are registered with the board. The panel may adopt standards of conduct for all agents, which standards then shall be subject to approval by the board. The majority of the panel constitutes a quorum and the affirmative vote of two-thirds (2/3) majority of the panel, or two-thirds (2/3) majority vote of the board upon appeal, is necessary for disciplinary action against any agent.
(4) Upon receipt of a written complaint made against any agent, the executive secretary, if the executive secretary determines that the complaint warrants an investigation, shall notify the agent, and the agent shall file an answer to the complaint with the executive secretary within forty-five (45) days from receipt of notice. Following receipt of the agent's answer to the complaint, the executive secretary shall appoint an administrative judge from the staff of the board who shall investigate the complaint. The administrative judge may dismiss the complaint or determine that a hearing is required. Any such hearing shall be conducted by the panel, and the panel may discipline any agent in any manner provided in this section. Within forty-five (45) days from the date of the panel's disciplinary decision, the disciplined agent may appeal the panel's decision to the board. In the event of such appeal, the members of the board shall conduct a hearing and may confirm or dismiss the panel's disciplinary decision.
(5) (A) All agents' registrations issued by the board under this section shall expire on June 30 of each even-numbered year, and shall be invalid after that date unless renewed. Subject to subsection (h), such registrations may be renewed on or before the expiration date by remitting to the board the biennial registration fee of two hundred dollars ($200). (B) Subject to subsection (h), an agent's registration may be renewed: (i) On or before the expiration date, by remitting to the board the biennial registration fee of two hundred dollars ($200); (ii) Within a period of one (1) year after the expiration date, by remitting to the board the biennial registration fee of two hundred dollars ($200) plus a late renewal fee of fifty dollars ($50.00). (C) Any person whose registration has lapsed for a period of more than one (1) year must reapply for registration.
(A) All agents' registrations issued by the board under this section shall expire on June 30 of each even-numbered year, and shall be invalid after that date unless renewed. Subject to subsection (h), such registrations may be renewed on or before the expiration date by remitting to the board the biennial registration fee of two hundred dollars ($200).
(B) Subject to subsection (h), an agent's registration may be renewed: (i) On or before the expiration date, by remitting to the board the biennial registration fee of two hundred dollars ($200); (ii) Within a period of one (1) year after the expiration date, by remitting to the board the biennial registration fee of two hundred dollars ($200) plus a late renewal fee of fifty dollars ($50.00).
(i) On or before the expiration date, by remitting to the board the biennial registration fee of two hundred dollars ($200);
(ii) Within a period of one (1) year after the expiration date, by remitting to the board the biennial registration fee of two hundred dollars ($200) plus a late renewal fee of fifty dollars ($50.00).
(C) Any person whose registration has lapsed for a period of more than one (1) year must reapply for registration.
(g) Any written solicitation of business, by letter, advertisement, or otherwise, by any person other than an attorney, who qualifies as an agent under this section shall contain, in type large enough to be easily readable, a disclaimer substantially as follows: "Taxpayer agents who are not lawyers may only appear on your behalf before the state board of equalization on matters of classification, assessment, and/or valuation, and may not represent you in a court of law."
(h) The agent regulatory panel may adopt and revise standards for continuing education to be imposed as a condition for renewal of an agent's registration under this section, which standards and revisions shall be subject to approval by the board. The board and panel may approve a continuing education program conducted by its staff, and the board may charge agents attending for credit a fee in an amount sufficient to defray the cost of the program.
(i) All other provisions of this section notwithstanding, this section shall not apply in any manner to the representation of a taxpayer by an attorney.
(j) No provision in this section is intended to require that any person must be an attorney, certified public accountant, agent registered with the board, or otherwise in order to act as an agent for a taxpayer before a county board of equalization.
(k) Application for registration or renewal of registration by a person or a firm not a resident of this state shall constitute appointment of the secretary of state as the applicant's agent upon whom process may be served in any action or proceeding against the applicant arising out of any transaction or operation connected with or incidental to services performed by the applicant while a registrant within this state. Service of process on the secretary of state shall be made in the manner set forth in §§ 20-2-215 and 20-2-216 . The board may waive any registration requirement for an applicant who holds a valid registration certificate or license issued by another state that has requirements for licensing or registration of property taxpayer agents that are at least equal to the requirements of this state. An applicant for reciprocity shall apply in the same manner as any other applicant and shall furnish the board with documents and other evidence substantiating the applicant's qualifications as required by the board.
Amended by 2014 Tenn. Acts, ch. 738, s 1, eff. 4/22/2014.
Acts 1988, ch. 619, §§ 1, 2; 1990, ch. 807, § 1; 1992, ch. 1024, §§ 3-6; 1998, ch. 697, §§ 1 - 4; 1998, ch. 1066, § 6; 2002, ch. 753, §§ 1 - 3; 2009 , ch. 256, § 2; 2012 , ch. 638, § 1.
Tenn. Code Ann. § 67-1-1418 — TN Code / Title 67 / Chapter 1 / Section 67-1-1418
Manner and conditions of sale
Status: in_force

(a) Minimum Price. Before the sale, the commissioner or the commissioner's delegate shall determine a minimum price for which the property shall be sold, and if no person offers for such property at the sale the amount of the minimum price, the property shall be declared to be purchased at such price for the state; otherwise, the property shall be declared to be sold to the highest bidder. In determining the minimum price, the commissioner or the commissioner's delegate shall take into account the expense of making the levy and sale. (b) Additional Rules Applicable to Sale. The commissioner shall by regulations prescribe the manner and other conditions of the sale of property seized by levy. If one (1) or more alternative methods or conditions are permitted by regulations, the commissioner or the commissioner's delegate shall select the alternatives applicable to the sale. Such regulations shall provide: (1) That the sale shall not be conducted in any manner other than: (A) By public auction; (B) By public internet auction; or (C) By public sale under sealed bids; (2) In the case of the seizure of several items of property, whether such items shall be offered separately, in groups, or in the aggregate; and whether, those items shall be sold under whichever method produces the highest aggregate amount; (3) Whether the announcement of the minimum price determined by the commissioner or the commissioner's delegate may be delayed until the receipt of the highest bid; (4) Whether payment in full shall be required at the time of acceptance of a bid, or whether a part of such payment may be deferred for such period, not to exceed one (1) month, as may be determined by the commissioner or the commissioner's delegate to be appropriate; (5) The extent to which methods, including advertising, in addition to those prescribed in § 67-1-1415 , may be used in giving notice of the sale; and (6) Under what circumstances the commissioner or the commissioner's delegate may adjourn the sale from time to time, but such adjournments shall not be for a period to exceed in total one (1) month. (c) Payment of Amount Bid. If payment in full is required at the time of acceptance of a bid and is not then and there paid, the commissioner or the commissioner's delegate shall forthwith proceed to again sell the property in the manner provided in this section. If the conditions of the sale permit part of the payment to be deferred, and if such part is not paid within the prescribed period, suit may be instituted against the purchaser for the purchase price of such part of the purchase price as has not been paid, together with interest at the rate of six percent (6%) per annum from the date of the sale; or, in the discretion of the commissioner or the commissioner's delegate, the sale may be declared by the commissioner or the commissioner's delegate to be null and void for failure to make full payment of the purchase price, and the property may again be advertised and sold as provided in §§ 67-1-1415 , 67-1-1416 and this section. In the event of such readvertisement and sale, any new purchaser shall receive such property, or rights to property, free and clear of any claim or right of the former defaulting purchaser, of any nature whatsoever, and the amount paid upon the bid price by such defaulting purchaser shall be forfeited. Acts 1972, ch. 762, § 4; T.C.A., § 67-6015; Acts 2005, ch. 499, § 9.
(a) Minimum Price. Before the sale, the commissioner or the commissioner's delegate shall determine a minimum price for which the property shall be sold, and if no person offers for such property at the sale the amount of the minimum price, the property shall be declared to be purchased at such price for the state; otherwise, the property shall be declared to be sold to the highest bidder. In determining the minimum price, the commissioner or the commissioner's delegate shall take into account the expense of making the levy and sale.
(b) Additional Rules Applicable to Sale. The commissioner shall by regulations prescribe the manner and other conditions of the sale of property seized by levy. If one (1) or more alternative methods or conditions are permitted by regulations, the commissioner or the commissioner's delegate shall select the alternatives applicable to the sale. Such regulations shall provide: (1) That the sale shall not be conducted in any manner other than: (A) By public auction; (B) By public internet auction; or (C) By public sale under sealed bids; (2) In the case of the seizure of several items of property, whether such items shall be offered separately, in groups, or in the aggregate; and whether, those items shall be sold under whichever method produces the highest aggregate amount; (3) Whether the announcement of the minimum price determined by the commissioner or the commissioner's delegate may be delayed until the receipt of the highest bid; (4) Whether payment in full shall be required at the time of acceptance of a bid, or whether a part of such payment may be deferred for such period, not to exceed one (1) month, as may be determined by the commissioner or the commissioner's delegate to be appropriate; (5) The extent to which methods, including advertising, in addition to those prescribed in § 67-1-1415 , may be used in giving notice of the sale; and (6) Under what circumstances the commissioner or the commissioner's delegate may adjourn the sale from time to time, but such adjournments shall not be for a period to exceed in total one (1) month.
(1) That the sale shall not be conducted in any manner other than: (A) By public auction; (B) By public internet auction; or (C) By public sale under sealed bids;
(A) By public auction;
(B) By public internet auction; or
(C) By public sale under sealed bids;
(2) In the case of the seizure of several items of property, whether such items shall be offered separately, in groups, or in the aggregate; and whether, those items shall be sold under whichever method produces the highest aggregate amount;
(3) Whether the announcement of the minimum price determined by the commissioner or the commissioner's delegate may be delayed until the receipt of the highest bid;
(4) Whether payment in full shall be required at the time of acceptance of a bid, or whether a part of such payment may be deferred for such period, not to exceed one (1) month, as may be determined by the commissioner or the commissioner's delegate to be appropriate;
(5) The extent to which methods, including advertising, in addition to those prescribed in § 67-1-1415 , may be used in giving notice of the sale; and
(6) Under what circumstances the commissioner or the commissioner's delegate may adjourn the sale from time to time, but such adjournments shall not be for a period to exceed in total one (1) month.
(c) Payment of Amount Bid. If payment in full is required at the time of acceptance of a bid and is not then and there paid, the commissioner or the commissioner's delegate shall forthwith proceed to again sell the property in the manner provided in this section. If the conditions of the sale permit part of the payment to be deferred, and if such part is not paid within the prescribed period, suit may be instituted against the purchaser for the purchase price of such part of the purchase price as has not been paid, together with interest at the rate of six percent (6%) per annum from the date of the sale; or, in the discretion of the commissioner or the commissioner's delegate, the sale may be declared by the commissioner or the commissioner's delegate to be null and void for failure to make full payment of the purchase price, and the property may again be advertised and sold as provided in §§ 67-1-1415 , 67-1-1416 and this section. In the event of such readvertisement and sale, any new purchaser shall receive such property, or rights to property, free and clear of any claim or right of the former defaulting purchaser, of any nature whatsoever, and the amount paid upon the bid price by such defaulting purchaser shall be forfeited.
Acts 1972, ch. 762, § 4; T.C.A., § 67-6015; Acts 2005, ch. 499, § 9.
Tenn. Code Ann. § 67-5-1805 — TN Code / Title 67 / Chapter 5 / Section 67-5-1805
Payment by part owner
Status: in_force

(a) Any person claiming or owning an undivided interest or part in any property or any specific portion of any property assessed to another shall receive a receipt in full for the person's taxes on paying such portion of the taxes as the person claims of the property or such proportion of the taxes as the person's quantity of the property bears to the whole quantity taxed. (b) Before issuing a receipt in full on any specific portion of such property, the trustee or other collecting official shall be personally satisfied that the value placed on each portion is a correct relative valuation, either by agreement of the parties in interest or the certificate of the assessor that the trustee or other collecting official has properly fixed the valuation of the portion. This subsection (b) shall apply to all taxes, interest, penalties, and costs that have or may become a lien on any property in the hands of the trustee or other collecting official or of the clerk of court for redemption from any tax sale. (c) This section shall apply to a secured party only for the purpose of determining the amount of its payment or liability pursuant to § 67-5-2003(h) , which shall be as follows: (1) The personal property taxes to be withheld and paid by a secured party pursuant to § 67-5-2003(h) shall be determined by the valuation of only such personal property that the secured party has sold pursuant to title 47, chapter 9, and the tax rate or tax rates applicable to the owner of such personal property; (2) The assessor will determine valuation of such personal property based on its cost to the owner less applicable depreciation pursuant to § 67-5-903 . In determining cost to the owner, the assessor shall consider relevant a statement tendered by the secured party that specifies the following: the manufacturer, model, and serial number of the personal property sold, the known or estimated purchase price and year of the owner's purchase of such property, and known or estimated taxes and installation charges. The assessor may also consider such additional information as may be available. A secured party may dispute whether valuation has been correctly determined pursuant to this section by direct appeal to the state board of equalization in the manner provided in § 67-1-1005 ; (3) The secured party's payment or liability under § 67-5-2003(h) shall be limited to no more than four (4) tax years, none of which shall be a tax year in which the owner did not own such property on January 1; (4) In regard to specific personal property and in regard to a specific tax year: (A) A satisfaction and release of the secured party of any and all liability pursuant to § 67-5-2003(h) , and a release of all personal property tax liens, regardless of jurisdiction or taxing authority, shall automatically go into effect upon any of the following: (i) Payment of all outstanding county and municipal taxes, penalty, and interest pursuant to § 67-5-2003(h) , as apportioned, in either the county of the owner's domicile or the county in which the personal property came into the possession of the secured party, for which payment the secured party shall also receive a receipt in full; (ii) The secured party's receipt of a writing stating or indicating that as of the calendar year of the sale referred to in § 67-5-2003(h) , the owner appears on the tax rolls of either the county of the owner's domicile or the county in which the personal property came into the possession of the secured party and does not owe personal property taxes to such county or to a municipality located within such county; or (iii) The secured party's receipt of a writing stating or indicating that as of the calendar year of the sale referred to in § 67-5-2003(h) , the owner does not appear on the personal property tax rolls in both the county of the owner's domicile and also the county in which the personal property came into the possession of the secured party; (B) In regard to any county or municipality, the "writing" described in this subdivision (c)(4) means one (1) or more recorded communications including, but not limited to, the following: (i) A communication from a collecting official or assessor of such county or municipality delivered either in tangible form such as via hand delivery, United States mail, or courier, or delivered electronically such as via e-mail or facsimile; (ii) The recorded results of a search of a publicly available database into which such county or municipality enters or submits outstanding personal property tax liability; or (iii) In the event a secured party sends a written request for information to a collecting official or assessor via U.S. certified mail return receipt requested, and such collecting official or assessor does not send the requested information within fifteen (15) days of the secured party's request, the signed return receipt from such collecting official or assessor, which shall be deemed to contain the content required by subdivision (c)(4)(A)(ii), in the case of an assessor, or subdivision (c)(4)(A)(iii), in the case of a trustee or other collecting official; (C) The comptroller of the treasury may prescribe a form for the use of a secured party in requesting a writing under this subdivision (c)(4); (D) A secured party may not request a writing from an assessor within a county without first receiving a writing from the trustee of such county; (E) No satisfaction or release as provided in this subdivision (c)(4) shall require payment to or a writing from a municipality located in a county in which the county trustee does not identify the owner as being on the personal property tax rolls of such county or in which the county assessor does not identify the owner as being on the personal property tax rolls of such municipality; (5) For purposes of this subsection (c), "owner" shall mean the "individual, partnership, joint venture, corporation or other legal entity" referred to in § 67-5-2003(h) ; (6) The application of this section to a secured party, and the mechanisms described in this section, shall be construed as remedial legislation designed to clarify and bring uniformity to existing law regarding the procedure of the apportionment and collection of taxes pursuant to § 67-5-2003(h) . Acts 1907, ch. 602, § 67; Shan., §§ 873a7-873a9; Code 1932, §§ 1560-1562; T.C.A. (orig. ed.), §§ 67-1117, 67-1118; Acts 2010, ch. 1007, § 1.
(a) Any person claiming or owning an undivided interest or part in any property or any specific portion of any property assessed to another shall receive a receipt in full for the person's taxes on paying such portion of the taxes as the person claims of the property or such proportion of the taxes as the person's quantity of the property bears to the whole quantity taxed.
(b) Before issuing a receipt in full on any specific portion of such property, the trustee or other collecting official shall be personally satisfied that the value placed on each portion is a correct relative valuation, either by agreement of the parties in interest or the certificate of the assessor that the trustee or other collecting official has properly fixed the valuation of the portion. This subsection (b) shall apply to all taxes, interest, penalties, and costs that have or may become a lien on any property in the hands of the trustee or other collecting official or of the clerk of court for redemption from any tax sale.
(c) This section shall apply to a secured party only for the purpose of determining the amount of its payment or liability pursuant to § 67-5-2003(h) , which shall be as follows: (1) The personal property taxes to be withheld and paid by a secured party pursuant to § 67-5-2003(h) shall be determined by the valuation of only such personal property that the secured party has sold pursuant to title 47, chapter 9, and the tax rate or tax rates applicable to the owner of such personal property; (2) The assessor will determine valuation of such personal property based on its cost to the owner less applicable depreciation pursuant to § 67-5-903 . In determining cost to the owner, the assessor shall consider relevant a statement tendered by the secured party that specifies the following: the manufacturer, model, and serial number of the personal property sold, the known or estimated purchase price and year of the owner's purchase of such property, and known or estimated taxes and installation charges. The assessor may also consider such additional information as may be available. A secured party may dispute whether valuation has been correctly determined pursuant to this section by direct appeal to the state board of equalization in the manner provided in § 67-1-1005 ; (3) The secured party's payment or liability under § 67-5-2003(h) shall be limited to no more than four (4) tax years, none of which shall be a tax year in which the owner did not own such property on January 1; (4) In regard to specific personal property and in regard to a specific tax year: (A) A satisfaction and release of the secured party of any and all liability pursuant to § 67-5-2003(h) , and a release of all personal property tax liens, regardless of jurisdiction or taxing authority, shall automatically go into effect upon any of the following: (i) Payment of all outstanding county and municipal taxes, penalty, and interest pursuant to § 67-5-2003(h) , as apportioned, in either the county of the owner's domicile or the county in which the personal property came into the possession of the secured party, for which payment the secured party shall also receive a receipt in full; (ii) The secured party's receipt of a writing stating or indicating that as of the calendar year of the sale referred to in § 67-5-2003(h) , the owner appears on the tax rolls of either the county of the owner's domicile or the county in which the personal property came into the possession of the secured party and does not owe personal property taxes to such county or to a municipality located within such county; or (iii) The secured party's receipt of a writing stating or indicating that as of the calendar year of the sale referred to in § 67-5-2003(h) , the owner does not appear on the personal property tax rolls in both the county of the owner's domicile and also the county in which the personal property came into the possession of the secured party; (B) In regard to any county or municipality, the "writing" described in this subdivision (c)(4) means one (1) or more recorded communications including, but not limited to, the following: (i) A communication from a collecting official or assessor of such county or municipality delivered either in tangible form such as via hand delivery, United States mail, or courier, or delivered electronically such as via e-mail or facsimile; (ii) The recorded results of a search of a publicly available database into which such county or municipality enters or submits outstanding personal property tax liability; or (iii) In the event a secured party sends a written request for information to a collecting official or assessor via U.S. certified mail return receipt requested, and such collecting official or assessor does not send the requested information within fifteen (15) days of the secured party's request, the signed return receipt from such collecting official or assessor, which shall be deemed to contain the content required by subdivision (c)(4)(A)(ii), in the case of an assessor, or subdivision (c)(4)(A)(iii), in the case of a trustee or other collecting official; (C) The comptroller of the treasury may prescribe a form for the use of a secured party in requesting a writing under this subdivision (c)(4); (D) A secured party may not request a writing from an assessor within a county without first receiving a writing from the trustee of such county; (E) No satisfaction or release as provided in this subdivision (c)(4) shall require payment to or a writing from a municipality located in a county in which the county trustee does not identify the owner as being on the personal property tax rolls of such county or in which the county assessor does not identify the owner as being on the personal property tax rolls of such municipality; (5) For purposes of this subsection (c), "owner" shall mean the "individual, partnership, joint venture, corporation or other legal entity" referred to in § 67-5-2003(h) ; (6) The application of this section to a secured party, and the mechanisms described in this section, shall be construed as remedial legislation designed to clarify and bring uniformity to existing law regarding the procedure of the apportionment and collection of taxes pursuant to § 67-5-2003(h) .
(1) The personal property taxes to be withheld and paid by a secured party pursuant to § 67-5-2003(h) shall be determined by the valuation of only such personal property that the secured party has sold pursuant to title 47, chapter 9, and the tax rate or tax rates applicable to the owner of such personal property;
(2) The assessor will determine valuation of such personal property based on its cost to the owner less applicable depreciation pursuant to § 67-5-903 . In determining cost to the owner, the assessor shall consider relevant a statement tendered by the secured party that specifies the following: the manufacturer, model, and serial number of the personal property sold, the known or estimated purchase price and year of the owner's purchase of such property, and known or estimated taxes and installation charges. The assessor may also consider such additional information as may be available. A secured party may dispute whether valuation has been correctly determined pursuant to this section by direct appeal to the state board of equalization in the manner provided in § 67-1-1005 ;
(3) The secured party's payment or liability under § 67-5-2003(h) shall be limited to no more than four (4) tax years, none of which shall be a tax year in which the owner did not own such property on January 1;
(4) In regard to specific personal property and in regard to a specific tax year: (A) A satisfaction and release of the secured party of any and all liability pursuant to § 67-5-2003(h) , and a release of all personal property tax liens, regardless of jurisdiction or taxing authority, shall automatically go into effect upon any of the following: (i) Payment of all outstanding county and municipal taxes, penalty, and interest pursuant to § 67-5-2003(h) , as apportioned, in either the county of the owner's domicile or the county in which the personal property came into the possession of the secured party, for which payment the secured party shall also receive a receipt in full; (ii) The secured party's receipt of a writing stating or indicating that as of the calendar year of the sale referred to in § 67-5-2003(h) , the owner appears on the tax rolls of either the county of the owner's domicile or the county in which the personal property came into the possession of the secured party and does not owe personal property taxes to such county or to a municipality located within such county; or (iii) The secured party's receipt of a writing stating or indicating that as of the calendar year of the sale referred to in § 67-5-2003(h) , the owner does not appear on the personal property tax rolls in both the county of the owner's domicile and also the county in which the personal property came into the possession of the secured party; (B) In regard to any county or municipality, the "writing" described in this subdivision (c)(4) means one (1) or more recorded communications including, but not limited to, the following: (i) A communication from a collecting official or assessor of such county or municipality delivered either in tangible form such as via hand delivery, United States mail, or courier, or delivered electronically such as via e-mail or facsimile; (ii) The recorded results of a search of a publicly available database into which such county or municipality enters or submits outstanding personal property tax liability; or (iii) In the event a secured party sends a written request for information to a collecting official or assessor via U.S. certified mail return receipt requested, and such collecting official or assessor does not send the requested information within fifteen (15) days of the secured party's request, the signed return receipt from such collecting official or assessor, which shall be deemed to contain the content required by subdivision (c)(4)(A)(ii), in the case of an assessor, or subdivision (c)(4)(A)(iii), in the case of a trustee or other collecting official; (C) The comptroller of the treasury may prescribe a form for the use of a secured party in requesting a writing under this subdivision (c)(4); (D) A secured party may not request a writing from an assessor within a county without first receiving a writing from the trustee of such county; (E) No satisfaction or release as provided in this subdivision (c)(4) shall require payment to or a writing from a municipality located in a county in which the county trustee does not identify the owner as being on the personal property tax rolls of such county or in which the county assessor does not identify the owner as being on the personal property tax rolls of such municipality;
(A) A satisfaction and release of the secured party of any and all liability pursuant to § 67-5-2003(h) , and a release of all personal property tax liens, regardless of jurisdiction or taxing authority, shall automatically go into effect upon any of the following: (i) Payment of all outstanding county and municipal taxes, penalty, and interest pursuant to § 67-5-2003(h) , as apportioned, in either the county of the owner's domicile or the county in which the personal property came into the possession of the secured party, for which payment the secured party shall also receive a receipt in full; (ii) The secured party's receipt of a writing stating or indicating that as of the calendar year of the sale referred to in § 67-5-2003(h) , the owner appears on the tax rolls of either the county of the owner's domicile or the county in which the personal property came into the possession of the secured party and does not owe personal property taxes to such county or to a municipality located within such county; or (iii) The secured party's receipt of a writing stating or indicating that as of the calendar year of the sale referred to in § 67-5-2003(h) , the owner does not appear on the personal property tax rolls in both the county of the owner's domicile and also the county in which the personal property came into the possession of the secured party;
(i) Payment of all outstanding county and municipal taxes, penalty, and interest pursuant to § 67-5-2003(h) , as apportioned, in either the county of the owner's domicile or the county in which the personal property came into the possession of the secured party, for which payment the secured party shall also receive a receipt in full;
(ii) The secured party's receipt of a writing stating or indicating that as of the calendar year of the sale referred to in § 67-5-2003(h) , the owner appears on the tax rolls of either the county of the owner's domicile or the county in which the personal property came into the possession of the secured party and does not owe personal property taxes to such county or to a municipality located within such county; or
(iii) The secured party's receipt of a writing stating or indicating that as of the calendar year of the sale referred to in § 67-5-2003(h) , the owner does not appear on the personal property tax rolls in both the county of the owner's domicile and also the county in which the personal property came into the possession of the secured party;
(B) In regard to any county or municipality, the "writing" described in this subdivision (c)(4) means one (1) or more recorded communications including, but not limited to, the following: (i) A communication from a collecting official or assessor of such county or municipality delivered either in tangible form such as via hand delivery, United States mail, or courier, or delivered electronically such as via e-mail or facsimile; (ii) The recorded results of a search of a publicly available database into which such county or municipality enters or submits outstanding personal property tax liability; or (iii) In the event a secured party sends a written request for information to a collecting official or assessor via U.S. certified mail return receipt requested, and such collecting official or assessor does not send the requested information within fifteen (15) days of the secured party's request, the signed return receipt from such collecting official or assessor, which shall be deemed to contain the content required by subdivision (c)(4)(A)(ii), in the case of an assessor, or subdivision (c)(4)(A)(iii), in the case of a trustee or other collecting official;
(i) A communication from a collecting official or assessor of such county or municipality delivered either in tangible form such as via hand delivery, United States mail, or courier, or delivered electronically such as via e-mail or facsimile;
(ii) The recorded results of a search of a publicly available database into which such county or municipality enters or submits outstanding personal property tax liability; or
(iii) In the event a secured party sends a written request for information to a collecting official or assessor via U.S. certified mail return receipt requested, and such collecting official or assessor does not send the requested information within fifteen (15) days of the secured party's request, the signed return receipt from such collecting official or assessor, which shall be deemed to contain the content required by subdivision (c)(4)(A)(ii), in the case of an assessor, or subdivision (c)(4)(A)(iii), in the case of a trustee or other collecting official;
(C) The comptroller of the treasury may prescribe a form for the use of a secured party in requesting a writing under this subdivision (c)(4);
(D) A secured party may not request a writing from an assessor within a county without first receiving a writing from the trustee of such county;
(E) No satisfaction or release as provided in this subdivision (c)(4) shall require payment to or a writing from a municipality located in a county in which the county trustee does not identify the owner as being on the personal property tax rolls of such county or in which the county assessor does not identify the owner as being on the personal property tax rolls of such municipality;
(5) For purposes of this subsection (c), "owner" shall mean the "individual, partnership, joint venture, corporation or other legal entity" referred to in § 67-5-2003(h) ;
(6) The application of this section to a secured party, and the mechanisms described in this section, shall be construed as remedial legislation designed to clarify and bring uniformity to existing law regarding the procedure of the apportionment and collection of taxes pursuant to § 67-5-2003(h) .
Acts 1907, ch. 602, § 67; Shan., §§ 873a7-873a9; Code 1932, §§ 1560-1562; T.C.A. (orig. ed.), §§ 67-1117, 67-1118; Acts 2010, ch. 1007, § 1.
Tenn. Code Ann. § 67-1-402 — TN Code / Title 67 / Chapter 1 / Section 67-1-402
Oath of members
Status: in_force

(a) Each member of the county board of equalization, before entering upon the discharge of the duties of office, shall, before the county mayor or other official authorized by law to administer oaths, take and subscribe to the following oath, to be filed with the county clerk, viz.: "State of Tennessee, ______________ County. I, ____________________, member of the board of equalization of such county do hereby solemnly swear (or affirm) that I will carefully examine, compare and equalize the assessments of such county in accordance with the constitution and the laws of the state of Tennessee; and that to the best of my knowledge and ability I will faithfully, honestly and impartially perform all duties imposed upon me as a member of the board by the laws of the state of Tennessee. Signed ______________ Board member Sworn to before me, this the ____________________ day of ____________________, ____________________." (b) On request of the state board of equalization, the county clerk shall make certified copies of such oaths and forward the copies to the state board of equalization. It is unlawful for any member of a county board to enter upon or undertake to discharge the duties of office without first taking, before entering upon the duties of office, the oath provided in subsection (a). Amended by 2013 Tenn. Acts, ch. 209, s 3, eff. 4/23/2013. Acts 1973, ch. 226, § 2; impl. am. Acts 1978, ch. 934, §§ 16, 22, 36; T.C.A., § 67-252; Acts 2003 , ch. 90, § 2.
(a) Each member of the county board of equalization, before entering upon the discharge of the duties of office, shall, before the county mayor or other official authorized by law to administer oaths, take and subscribe to the following oath, to be filed with the county clerk, viz.: "State of Tennessee, ______________ County. I, ____________________, member of the board of equalization of such county do hereby solemnly swear (or affirm) that I will carefully examine, compare and equalize the assessments of such county in accordance with the constitution and the laws of the state of Tennessee; and that to the best of my knowledge and ability I will faithfully, honestly and impartially perform all duties imposed upon me as a member of the board by the laws of the state of Tennessee. Signed ______________ Board member Sworn to before me, this the ____________________ day of ____________________, ____________________."
"State of Tennessee,
______________ County.
I, ____________________, member of the board of equalization of such county do hereby solemnly swear (or affirm) that I will carefully examine, compare and equalize the assessments of such county in accordance with the constitution and the laws of the state of Tennessee; and that to the best of my knowledge and ability I will faithfully, honestly and impartially perform all duties imposed upon me as a member of the board by the laws of the state of Tennessee.
Signed ______________ Board member
Sworn to before me, this the ____________________ day of ____________________, ____________________."
(b) On request of the state board of equalization, the county clerk shall make certified copies of such oaths and forward the copies to the state board of equalization. It is unlawful for any member of a county board to enter upon or undertake to discharge the duties of office without first taking, before entering upon the duties of office, the oath provided in subsection (a).
Amended by 2013 Tenn. Acts, ch. 209, s 3, eff. 4/23/2013.
Acts 1973, ch. 226, § 2; impl. am. Acts 1978, ch. 934, §§ 16, 22, 36; T.C.A., § 67-252; Acts 2003 , ch. 90, § 2.
Tenn. Code Ann. § 67-5-801 — TN Code / Title 67 / Chapter 5 / Section 67-5-801
Classification and rate of assessment
Status: in_force

(a) For the purposes of taxation, all real property, except vacant or unused property or property held for use, shall be classified according to use and assessed as provided in this section: (1) Public Utility Property. Public utility property shall be assessed at fifty-five percent (55%) of its value; (2) Industrial and Commercial Property. Industrial and commercial property shall be assessed at forty percent (40%) of its value; (3) Residential Property. Residential property shall be assessed at twenty-five percent (25%) of its value; and (4) Farm Property. Farm property shall be assessed at twenty-five percent (25%) of its value. (b) (1) Where a parcel of real property is used for more than one (1) purpose, which would result in different subclassifications and different assessment percentages, then it shall be apportioned among the subclasses according to guidelines established by rules and regulations of the state board of equalization. (2) Notwithstanding subdivision (b)(1), when a parcel of real property is the principal residence of its owner, contains not more than one (1) rental unit, and is used as a short-term rental unit, as defined by § 13-7-602 , the assessor of property should presume the classification of the property is residential. (3) When a parcel is classified as residential under subdivision (b)(2), the same owner of the property may request residential classification for a maximum of one (1) additional parcel in this state and the assessor of property should presume residential classification when the one (1) additional parcel meets the following conditions: (A) The parcel of real property contains not more than one (1) rental unit; (B) The property is used as a short-term rental unit, as defined by § 13-7-602 ; (C) The owner of the property lives on the property a minimum of fourteen (14) days each year or at least ten percent (10%) of the number of days the property is rented as a short-term rental unit, whichever is greater; and (D) The owner of the property annually files a written affidavit with the assessor of property by September 1 of the prior year verifying that the property meets all requirements and the owner has no more than one (1) additional parcel in addition to their principal residence under this section. (c) (1) All real property that is vacant, or unused, or held for use, shall be classified according to its immediate most suitable economic use, which shall be determined after consideration of: (A) Immediate prior use, if any; (B) Location; (C) Zoning classification; provided, that vacant subdivision lots in incorporated cities, towns, or urbanized areas shall be classified as zoned, unless upon consideration of all factors, it is determined that such zoning does not reflect the immediate most suitable economic use of the property; (D) Other legal restrictions on use; (E) Availability of water, electricity, gas, sewers, street lighting, and public services; (F) Size; (G) Access to public thoroughfares; and (H) Any other factors relevant to a determination of the immediate most suitable economic use of the property. (2) (A) If, after consideration of all such factors, any such real property does not fall within any of the definitions and classifications in this section, such property shall be classified and assessed as farm or residential property. (B) When a mobile home attached to real property as described in § 67-5-802 is used as a residence, the assessor of property may presume the classification is residential. Amended by 2020 Tenn. Acts, ch. 787, s 11, eff. 1/1/2021. Amended by 2017 Tenn. Acts, ch. 297, s 1, eff. 5/5/2017. Acts 1973, ch. 226, § 6; T.C.A., § 67-611.
(a) For the purposes of taxation, all real property, except vacant or unused property or property held for use, shall be classified according to use and assessed as provided in this section: (1) Public Utility Property. Public utility property shall be assessed at fifty-five percent (55%) of its value; (2) Industrial and Commercial Property. Industrial and commercial property shall be assessed at forty percent (40%) of its value; (3) Residential Property. Residential property shall be assessed at twenty-five percent (25%) of its value; and (4) Farm Property. Farm property shall be assessed at twenty-five percent (25%) of its value.
(1) Public Utility Property. Public utility property shall be assessed at fifty-five percent (55%) of its value;
(2) Industrial and Commercial Property. Industrial and commercial property shall be assessed at forty percent (40%) of its value;
(3) Residential Property. Residential property shall be assessed at twenty-five percent (25%) of its value; and
(4) Farm Property. Farm property shall be assessed at twenty-five percent (25%) of its value.
(b) (1) Where a parcel of real property is used for more than one (1) purpose, which would result in different subclassifications and different assessment percentages, then it shall be apportioned among the subclasses according to guidelines established by rules and regulations of the state board of equalization. (2) Notwithstanding subdivision (b)(1), when a parcel of real property is the principal residence of its owner, contains not more than one (1) rental unit, and is used as a short-term rental unit, as defined by § 13-7-602 , the assessor of property should presume the classification of the property is residential. (3) When a parcel is classified as residential under subdivision (b)(2), the same owner of the property may request residential classification for a maximum of one (1) additional parcel in this state and the assessor of property should presume residential classification when the one (1) additional parcel meets the following conditions: (A) The parcel of real property contains not more than one (1) rental unit; (B) The property is used as a short-term rental unit, as defined by § 13-7-602 ; (C) The owner of the property lives on the property a minimum of fourteen (14) days each year or at least ten percent (10%) of the number of days the property is rented as a short-term rental unit, whichever is greater; and (D) The owner of the property annually files a written affidavit with the assessor of property by September 1 of the prior year verifying that the property meets all requirements and the owner has no more than one (1) additional parcel in addition to their principal residence under this section.
(1) Where a parcel of real property is used for more than one (1) purpose, which would result in different subclassifications and different assessment percentages, then it shall be apportioned among the subclasses according to guidelines established by rules and regulations of the state board of equalization.
(2) Notwithstanding subdivision (b)(1), when a parcel of real property is the principal residence of its owner, contains not more than one (1) rental unit, and is used as a short-term rental unit, as defined by § 13-7-602 , the assessor of property should presume the classification of the property is residential.
(3) When a parcel is classified as residential under subdivision (b)(2), the same owner of the property may request residential classification for a maximum of one (1) additional parcel in this state and the assessor of property should presume residential classification when the one (1) additional parcel meets the following conditions: (A) The parcel of real property contains not more than one (1) rental unit; (B) The property is used as a short-term rental unit, as defined by § 13-7-602 ; (C) The owner of the property lives on the property a minimum of fourteen (14) days each year or at least ten percent (10%) of the number of days the property is rented as a short-term rental unit, whichever is greater; and (D) The owner of the property annually files a written affidavit with the assessor of property by September 1 of the prior year verifying that the property meets all requirements and the owner has no more than one (1) additional parcel in addition to their principal residence under this section.
(A) The parcel of real property contains not more than one (1) rental unit;
(B) The property is used as a short-term rental unit, as defined by § 13-7-602 ;
(C) The owner of the property lives on the property a minimum of fourteen (14) days each year or at least ten percent (10%) of the number of days the property is rented as a short-term rental unit, whichever is greater; and
(D) The owner of the property annually files a written affidavit with the assessor of property by September 1 of the prior year verifying that the property meets all requirements and the owner has no more than one (1) additional parcel in addition to their principal residence under this section.
(c) (1) All real property that is vacant, or unused, or held for use, shall be classified according to its immediate most suitable economic use, which shall be determined after consideration of: (A) Immediate prior use, if any; (B) Location; (C) Zoning classification; provided, that vacant subdivision lots in incorporated cities, towns, or urbanized areas shall be classified as zoned, unless upon consideration of all factors, it is determined that such zoning does not reflect the immediate most suitable economic use of the property; (D) Other legal restrictions on use; (E) Availability of water, electricity, gas, sewers, street lighting, and public services; (F) Size; (G) Access to public thoroughfares; and (H) Any other factors relevant to a determination of the immediate most suitable economic use of the property. (2) (A) If, after consideration of all such factors, any such real property does not fall within any of the definitions and classifications in this section, such property shall be classified and assessed as farm or residential property. (B) When a mobile home attached to real property as described in § 67-5-802 is used as a residence, the assessor of property may presume the classification is residential.
(1) All real property that is vacant, or unused, or held for use, shall be classified according to its immediate most suitable economic use, which shall be determined after consideration of: (A) Immediate prior use, if any; (B) Location; (C) Zoning classification; provided, that vacant subdivision lots in incorporated cities, towns, or urbanized areas shall be classified as zoned, unless upon consideration of all factors, it is determined that such zoning does not reflect the immediate most suitable economic use of the property; (D) Other legal restrictions on use; (E) Availability of water, electricity, gas, sewers, street lighting, and public services; (F) Size; (G) Access to public thoroughfares; and (H) Any other factors relevant to a determination of the immediate most suitable economic use of the property.
(A) Immediate prior use, if any;
(B) Location;
(C) Zoning classification; provided, that vacant subdivision lots in incorporated cities, towns, or urbanized areas shall be classified as zoned, unless upon consideration of all factors, it is determined that such zoning does not reflect the immediate most suitable economic use of the property;
(D) Other legal restrictions on use;
(E) Availability of water, electricity, gas, sewers, street lighting, and public services;
(F) Size;
(G) Access to public thoroughfares; and
(H) Any other factors relevant to a determination of the immediate most suitable economic use of the property.
(2) (A) If, after consideration of all such factors, any such real property does not fall within any of the definitions and classifications in this section, such property shall be classified and assessed as farm or residential property. (B) When a mobile home attached to real property as described in § 67-5-802 is used as a residence, the assessor of property may presume the classification is residential.
(A) If, after consideration of all such factors, any such real property does not fall within any of the definitions and classifications in this section, such property shall be classified and assessed as farm or residential property.
(B) When a mobile home attached to real property as described in § 67-5-802 is used as a residence, the assessor of property may presume the classification is residential.
Amended by 2020 Tenn. Acts, ch. 787, s 11, eff. 1/1/2021.
Amended by 2017 Tenn. Acts, ch. 297, s 1, eff. 5/5/2017.
Acts 1973, ch. 226, § 6; T.C.A., § 67-611.
Tenn. Code Ann. § 67-5-218 — TN Code / Title 67 / Chapter 5 / Section 67-5-218
Historic properties
Status: in_force

(a) (1) There shall be exempt from property taxation the value of any improvement made to or restoration of any structure included within title 4, chapter 11, part 2, or that is certified by a historic properties review board, as provided for in subdivision (a)(2), when the improvement or restoration is necessitated by: (A) Any comprehensive plan for the development of a district or zone authorized in § 13-7-401 ; (B) The official preservation plan of the state of Tennessee as required by United States Public Law 89-665 ( 16 U.S.C. § 470 ); (C) Any other federal or state plan of development or redevelopment that includes the preservation and restoration of structures covered by this section; or (D) The agreement of the owner of an individual structure to restore such structure in accordance with guidelines specified by a historic properties review board, as provided for herein, and to refrain from significantly altering or demolishing such structure during the period of exemption. (2) (A) The chief administrative officer of each county shall appoint a historic properties review board for that jurisdiction, to be approved by a majority vote of the county governing body. (B) The review board shall consist of at least five (5) members of whom at least one (1) shall be an architect, if resident in the county, who is a member of the American Institute of Architects or meets the membership qualifications of that body, one (1) shall be a member of the local planning commission, and one (1) shall be the county historian, a member of the county historical commission, or a member of the county historical society. (C) The review board shall formulate criteria for certification of historic properties with the assistance of the Tennessee historical commission, and subject to review and comment by the state preservation officer. (3) All structures, except those on the Tennessee or National Register of Historic Places, whose owners seek to benefit from this section, shall be certified in accordance with these criteria. The exemption of any structure certified in accordance with this section, wherever located, shall also include any structure or residence used in the management or care of such historical structure. Any structure one hundred seventy-five (175) years of age or older shall be presumed to meet the criteria on the basis of age alone, any structure one hundred twenty-five (125) years of age or older shall be presumed to meet the criteria, unless established otherwise, and any structure seventy-five (75) years of age or older shall be assumed to meet the criteria subject to individual review. (4) (A) Such exemptions shall continue in effect for ten (10) years in the case of a partial or exterior restoration or improvement, as determined by the review board, and fifteen (15) years in the case of a total restoration, as determined by the review board. (B) At the end of the applicable period, the structure shall be assessed and taxed on the basis of its full market value. (C) If any structure receiving an exemption under this section is demolished or significantly altered, as determined by the review board, during the period of exemption, the exemption of the improved value will immediately end and the owner shall be liable at that time for any difference between the tax paid and the tax that would have been due on such improved value. (D) The exemptions and restrictions provided for in this section shall apply to the structure itself and pass with its title. (5) Exemptions may be made in all counties in accordance with subdivisions (a)(1)-(4) for property that would be exempt under § 67-5-212 . (b) This section shall only apply to counties having a population of two hundred thousand (200,000) or more, according to the 1970 federal census, or any subsequent federal census, it being the finding of the general assembly that redevelopment pressures are greater on historic structures in heavily urbanized areas. (c) (1) This section shall apply only to those counties that, by a majority vote of the governing body of the county, choose to come under its provisions. (2) Any incorporated municipality that desires to come under the provisions of this section may do so separately by a majority vote of its governing body. In that event, however, only the territory within the corporate bounds of the municipality shall be affected by this section. Acts 1976, ch. 826, §§ 2-4; 1978, ch. 621, § 1; 1980, ch. 697, §§ 1, 2; T.C.A., §§ 67-519 -- 67-521.
(a) (1) There shall be exempt from property taxation the value of any improvement made to or restoration of any structure included within title 4, chapter 11, part 2, or that is certified by a historic properties review board, as provided for in subdivision (a)(2), when the improvement or restoration is necessitated by: (A) Any comprehensive plan for the development of a district or zone authorized in § 13-7-401 ; (B) The official preservation plan of the state of Tennessee as required by United States Public Law 89-665 ( 16 U.S.C. § 470 ); (C) Any other federal or state plan of development or redevelopment that includes the preservation and restoration of structures covered by this section; or (D) The agreement of the owner of an individual structure to restore such structure in accordance with guidelines specified by a historic properties review board, as provided for herein, and to refrain from significantly altering or demolishing such structure during the period of exemption. (2) (A) The chief administrative officer of each county shall appoint a historic properties review board for that jurisdiction, to be approved by a majority vote of the county governing body. (B) The review board shall consist of at least five (5) members of whom at least one (1) shall be an architect, if resident in the county, who is a member of the American Institute of Architects or meets the membership qualifications of that body, one (1) shall be a member of the local planning commission, and one (1) shall be the county historian, a member of the county historical commission, or a member of the county historical society. (C) The review board shall formulate criteria for certification of historic properties with the assistance of the Tennessee historical commission, and subject to review and comment by the state preservation officer. (3) All structures, except those on the Tennessee or National Register of Historic Places, whose owners seek to benefit from this section, shall be certified in accordance with these criteria. The exemption of any structure certified in accordance with this section, wherever located, shall also include any structure or residence used in the management or care of such historical structure. Any structure one hundred seventy-five (175) years of age or older shall be presumed to meet the criteria on the basis of age alone, any structure one hundred twenty-five (125) years of age or older shall be presumed to meet the criteria, unless established otherwise, and any structure seventy-five (75) years of age or older shall be assumed to meet the criteria subject to individual review. (4) (A) Such exemptions shall continue in effect for ten (10) years in the case of a partial or exterior restoration or improvement, as determined by the review board, and fifteen (15) years in the case of a total restoration, as determined by the review board. (B) At the end of the applicable period, the structure shall be assessed and taxed on the basis of its full market value. (C) If any structure receiving an exemption under this section is demolished or significantly altered, as determined by the review board, during the period of exemption, the exemption of the improved value will immediately end and the owner shall be liable at that time for any difference between the tax paid and the tax that would have been due on such improved value. (D) The exemptions and restrictions provided for in this section shall apply to the structure itself and pass with its title. (5) Exemptions may be made in all counties in accordance with subdivisions (a)(1)-(4) for property that would be exempt under § 67-5-212 .
(1) There shall be exempt from property taxation the value of any improvement made to or restoration of any structure included within title 4, chapter 11, part 2, or that is certified by a historic properties review board, as provided for in subdivision (a)(2), when the improvement or restoration is necessitated by: (A) Any comprehensive plan for the development of a district or zone authorized in § 13-7-401 ; (B) The official preservation plan of the state of Tennessee as required by United States Public Law 89-665 ( 16 U.S.C. § 470 ); (C) Any other federal or state plan of development or redevelopment that includes the preservation and restoration of structures covered by this section; or (D) The agreement of the owner of an individual structure to restore such structure in accordance with guidelines specified by a historic properties review board, as provided for herein, and to refrain from significantly altering or demolishing such structure during the period of exemption.
(A) Any comprehensive plan for the development of a district or zone authorized in § 13-7-401 ;
(B) The official preservation plan of the state of Tennessee as required by United States Public Law 89-665 ( 16 U.S.C. § 470 );
(C) Any other federal or state plan of development or redevelopment that includes the preservation and restoration of structures covered by this section; or
(D) The agreement of the owner of an individual structure to restore such structure in accordance with guidelines specified by a historic properties review board, as provided for herein, and to refrain from significantly altering or demolishing such structure during the period of exemption.
(2) (A) The chief administrative officer of each county shall appoint a historic properties review board for that jurisdiction, to be approved by a majority vote of the county governing body. (B) The review board shall consist of at least five (5) members of whom at least one (1) shall be an architect, if resident in the county, who is a member of the American Institute of Architects or meets the membership qualifications of that body, one (1) shall be a member of the local planning commission, and one (1) shall be the county historian, a member of the county historical commission, or a member of the county historical society. (C) The review board shall formulate criteria for certification of historic properties with the assistance of the Tennessee historical commission, and subject to review and comment by the state preservation officer.
(A) The chief administrative officer of each county shall appoint a historic properties review board for that jurisdiction, to be approved by a majority vote of the county governing body.
(B) The review board shall consist of at least five (5) members of whom at least one (1) shall be an architect, if resident in the county, who is a member of the American Institute of Architects or meets the membership qualifications of that body, one (1) shall be a member of the local planning commission, and one (1) shall be the county historian, a member of the county historical commission, or a member of the county historical society.
(C) The review board shall formulate criteria for certification of historic properties with the assistance of the Tennessee historical commission, and subject to review and comment by the state preservation officer.
(3) All structures, except those on the Tennessee or National Register of Historic Places, whose owners seek to benefit from this section, shall be certified in accordance with these criteria. The exemption of any structure certified in accordance with this section, wherever located, shall also include any structure or residence used in the management or care of such historical structure. Any structure one hundred seventy-five (175) years of age or older shall be presumed to meet the criteria on the basis of age alone, any structure one hundred twenty-five (125) years of age or older shall be presumed to meet the criteria, unless established otherwise, and any structure seventy-five (75) years of age or older shall be assumed to meet the criteria subject to individual review.
(4) (A) Such exemptions shall continue in effect for ten (10) years in the case of a partial or exterior restoration or improvement, as determined by the review board, and fifteen (15) years in the case of a total restoration, as determined by the review board. (B) At the end of the applicable period, the structure shall be assessed and taxed on the basis of its full market value. (C) If any structure receiving an exemption under this section is demolished or significantly altered, as determined by the review board, during the period of exemption, the exemption of the improved value will immediately end and the owner shall be liable at that time for any difference between the tax paid and the tax that would have been due on such improved value. (D) The exemptions and restrictions provided for in this section shall apply to the structure itself and pass with its title.
(A) Such exemptions shall continue in effect for ten (10) years in the case of a partial or exterior restoration or improvement, as determined by the review board, and fifteen (15) years in the case of a total restoration, as determined by the review board.
(B) At the end of the applicable period, the structure shall be assessed and taxed on the basis of its full market value.
(C) If any structure receiving an exemption under this section is demolished or significantly altered, as determined by the review board, during the period of exemption, the exemption of the improved value will immediately end and the owner shall be liable at that time for any difference between the tax paid and the tax that would have been due on such improved value.
(D) The exemptions and restrictions provided for in this section shall apply to the structure itself and pass with its title.
(5) Exemptions may be made in all counties in accordance with subdivisions (a)(1)-(4) for property that would be exempt under § 67-5-212 .
(b) This section shall only apply to counties having a population of two hundred thousand (200,000) or more, according to the 1970 federal census, or any subsequent federal census, it being the finding of the general assembly that redevelopment pressures are greater on historic structures in heavily urbanized areas.
(c) (1) This section shall apply only to those counties that, by a majority vote of the governing body of the county, choose to come under its provisions. (2) Any incorporated municipality that desires to come under the provisions of this section may do so separately by a majority vote of its governing body. In that event, however, only the territory within the corporate bounds of the municipality shall be affected by this section.
(1) This section shall apply only to those counties that, by a majority vote of the governing body of the county, choose to come under its provisions.
(2) Any incorporated municipality that desires to come under the provisions of this section may do so separately by a majority vote of its governing body. In that event, however, only the territory within the corporate bounds of the municipality shall be affected by this section.
Acts 1976, ch. 826, §§ 2-4; 1978, ch. 621, § 1; 1980, ch. 697, §§ 1, 2; T.C.A., §§ 67-519 -- 67-521.
Tenn. Code Ann. § 67-5-2010 — TN Code / Title 67 / Chapter 5 / Section 67-5-2010
Interest - Delinquent taxes
Status: in_force

(a) (1) To the amount of tax due and payable, interest of one and one-half percent (1.5%) shall be added on March 1, following the tax due date and on the first day of each succeeding month, except as otherwise provided in regard to municipal taxes. Any county having a population in excess of eight hundred thousand (800,000), according to the 1980 federal census or any subsequent federal census establishing tax due dates other than the first Monday in October in each year, in accordance with § 67-1-701(a) , shall have the authority to establish the date that interest shall begin to accrue as the date of delinquency in lieu of March 1. (2) The rate of interest as provided in this section may be reduced to an amount of not less than twelve percent (12%) per annum in the aggregate, upon approval by a two-thirds (2/3) vote of the appropriate local governing body that levied such taxes, in any county having a population of not less than twenty-four thousand six hundred (24,600) nor more than twenty-four thousand seven hundred (24,700), according to the 1980 federal census or any subsequent federal census. (b) In all instances in which current municipal taxes are collected by the county trustee, the following provisions and rules for the collection of delinquent taxes that may be due to the municipalities and none other shall prevail and obtain, anything in this chapter to the contrary notwithstanding: (1) The taxes levied and assessed by such municipalities shall become due and delinquent on the date as now provided by existing laws; and (2) If such municipal taxes are not paid on or before the date fixed for the delinquencies thereof, to the amount of tax due and payable, interest of one and one-half percent (1.5%) shall be added on March 1, following the tax due date and on the first day of each succeeding month. Amended by 2022 Tenn. Acts, ch. 900, s 13, eff. 7/1/2022. Amended by 2017 Tenn. Acts, ch. 299, s 4, eff. 7/1/2017. Amended by 2014 Tenn. Acts, ch. 883, s 4, eff. 7/1/2014. Amended by 2013 Tenn. Acts, ch. 370, s 1, eff. 5/14/2013. Acts 1988, ch. 526, § 6.
(a) (1) To the amount of tax due and payable, interest of one and one-half percent (1.5%) shall be added on March 1, following the tax due date and on the first day of each succeeding month, except as otherwise provided in regard to municipal taxes. Any county having a population in excess of eight hundred thousand (800,000), according to the 1980 federal census or any subsequent federal census establishing tax due dates other than the first Monday in October in each year, in accordance with § 67-1-701(a) , shall have the authority to establish the date that interest shall begin to accrue as the date of delinquency in lieu of March 1. (2) The rate of interest as provided in this section may be reduced to an amount of not less than twelve percent (12%) per annum in the aggregate, upon approval by a two-thirds (2/3) vote of the appropriate local governing body that levied such taxes, in any county having a population of not less than twenty-four thousand six hundred (24,600) nor more than twenty-four thousand seven hundred (24,700), according to the 1980 federal census or any subsequent federal census.
(1) To the amount of tax due and payable, interest of one and one-half percent (1.5%) shall be added on March 1, following the tax due date and on the first day of each succeeding month, except as otherwise provided in regard to municipal taxes. Any county having a population in excess of eight hundred thousand (800,000), according to the 1980 federal census or any subsequent federal census establishing tax due dates other than the first Monday in October in each year, in accordance with § 67-1-701(a) , shall have the authority to establish the date that interest shall begin to accrue as the date of delinquency in lieu of March 1.
(2) The rate of interest as provided in this section may be reduced to an amount of not less than twelve percent (12%) per annum in the aggregate, upon approval by a two-thirds (2/3) vote of the appropriate local governing body that levied such taxes, in any county having a population of not less than twenty-four thousand six hundred (24,600) nor more than twenty-four thousand seven hundred (24,700), according to the 1980 federal census or any subsequent federal census.
(b) In all instances in which current municipal taxes are collected by the county trustee, the following provisions and rules for the collection of delinquent taxes that may be due to the municipalities and none other shall prevail and obtain, anything in this chapter to the contrary notwithstanding: (1) The taxes levied and assessed by such municipalities shall become due and delinquent on the date as now provided by existing laws; and (2) If such municipal taxes are not paid on or before the date fixed for the delinquencies thereof, to the amount of tax due and payable, interest of one and one-half percent (1.5%) shall be added on March 1, following the tax due date and on the first day of each succeeding month.
(1) The taxes levied and assessed by such municipalities shall become due and delinquent on the date as now provided by existing laws; and
(2) If such municipal taxes are not paid on or before the date fixed for the delinquencies thereof, to the amount of tax due and payable, interest of one and one-half percent (1.5%) shall be added on March 1, following the tax due date and on the first day of each succeeding month.
Amended by 2022 Tenn. Acts, ch. 900, s 13, eff. 7/1/2022.
Amended by 2017 Tenn. Acts, ch. 299, s 4, eff. 7/1/2017.
Amended by 2014 Tenn. Acts, ch. 883, s 4, eff. 7/1/2014.
Amended by 2013 Tenn. Acts, ch. 370, s 1, eff. 5/14/2013.
Acts 1988, ch. 526, § 6.