Source: http://eli.ctas.tennessee.edu/reference/collection-delinquent-personal-property-taxes
Timestamp: 2019-04-23 23:05:46+00:00

Document:
Most industrial and commercial tangible personal property is valued and assessed by the county taxing authorities in the counties where the owners of such property do business.3Pursuant to T.C.A. § 67-5-901, et seq., industrial and commercial taxpayers must annually file a schedule on which they list the tangible personal property they use in their businesses. Section 67-5-903(f) contains a schedule of allowable rates of depreciation for commercial and industrial tangible personal property.4Pursuant to T.C.A. § 67-5-1509(a), the State Board of Equalization must, by order or rule, direct that commercial and industrial tangible personal property assessments be equalized using the appraisal ratios adopted by the state board for each county. However, such equalization is available only to taxpayers who have filed the reporting schedule required by law.
Much of the discussion regarding collection of delinquent real property taxes also applies to the collection of delinquent personal property taxes. However there are also areas in which collection differs.
2Sherwood v. Clary, 734 S.W.2d 318, 320-21 (Tenn. 1987); citing, Lehnhausen v. Lake Shore Auto Parts, 410 U.S. 356 (1973). For prior law, see Op. Tenn. Atty. Gen. 86-80 (April 3, 1986); Op. Tenn. Atty. Gen. 84-273 (September 27, 1984).
4In re All Assessments, 58 S.W.3d 95, 96 (Tenn. 2000).
6In re All Assessments, 58 S.W.3d 95, 101 (Tenn. 2000). See also Louisville & N.R.R. v. Public Serv. Comm’n, 249 F.Supp. 894 (M.D. Tenn. 1966), aff'd, 389 F.2d 247 (6th Cir. 1968) ("L & N I"); Louisville & N.R.R. v. Public Serv. Comm’n, 493 F.Supp. 162 (M.D. Tenn. 1978), aff'd, 631 F.2d 426 (6th Cir. 1980), cert. denied, 450 U.S. 959, 101 S.Ct. 1418 (1981) ("L & N II").
7ANR Pipeline Co. v. Tennessee Board of Equalization, 2002 WL 31840689, *1 (Tenn.Ct.App. 2002) perm. app. denied (Tenn. 2003).

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