Taxes, Real Property - As introduced, requires a local governmental entity to hold a referendum to approve a property tax increase that exceeds specified thresholds. - Amends TCA Title 48 and Title 67, Chapter 5.

Summary

The bill bars counties, cities, and other local taxing entities in Tennessee from raising ad valorem property taxes beyond set thresholds unless voters approve it in a referendum. Increases that would raise total tax revenue by more than inflation plus 2% in a single year, or inflation plus 6% over three years, require a two‑thirds council vote to call a November election and a majority voter approval. The measure leaves bond‑related taxes and utility rates untouched.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share