Zoning - As introduced, prohibits the adoption or enforcement of zoning regulations that have the effect of diminishing the value of a property; authorizes property owners to seek compensation for such diminished value. - Amends TCA Title 5; Title 6; Title 7 and Title 13, Chapter 7.

Summary

The bill bars local governments from adopting or enforcing zoning changes that lower a property's value unless they meet specific safety or legal exceptions. Property owners can seek injunctions, damages, or compensation if a downzone reduces fair market value. It also requires compensation based on an independent appraisal and allows jurisdictions to waive the downzone within 60 days of notice.

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

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