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HB0436 • 2026

Taxes, Real Property

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, Part 7, relative to property tax relief.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Crawford, Crowe
Last action
2026-04-09
Official status
Sponsor(s) Added.
Effective date
Not listed

Plain English Breakdown

The bill text does not provide specific details on how the financial impact on local governments will be determined.

Property Tax Relief for Disabled Veterans

This bill changes how property tax relief is calculated for disabled veterans in Tennessee.

What This Bill Does

  • Changes the way property tax relief is calculated for eligible disabled veterans.
  • Requires that the full market value of a veteran's home be determined by the assessor of property.
  • Sets the amount of relief based on multiplying the assessed value up to $175,000 by the ad valorem tax rate in their area.

Who It Names or Affects

  • Disabled veterans who own and live in a home valued at up to $175,000.
  • State and local government agencies responsible for property tax assessment and relief.

Terms To Know

Ad valorem tax
A type of tax based on the value of a property or item.
Assessed value
The official valuation of a property for tax purposes.

Limits and Unknowns

  • The exact financial impact on local governments is not clear.
  • This bill applies to tax years starting from July 1, 2025.

Bill History

  1. 2026-04-09 Tennessee General Assembly

    Sponsor(s) Added.

  2. 2026-03-30 Tennessee General Assembly

    Sponsor(s) Added.

  3. 2026-03-12 Tennessee General Assembly

    Sponsor(s) Added.

  4. 2026-03-11 Tennessee General Assembly

    Sponsor(s) Added.

  5. 2026-01-12 Tennessee General Assembly

    Sponsor(s) Added.

  6. 2025-04-17 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025

  7. 2025-04-15 Tennessee General Assembly

    Sponsor(s) Added.

  8. 2025-04-14 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025

  9. 2025-04-14 Tennessee General Assembly

    Placed behind the budget

  10. 2025-04-14 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025

  11. 2025-04-14 Tennessee General Assembly

    Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025

  12. 2025-04-10 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025

  13. 2025-04-10 Tennessee General Assembly

    Sponsor(s) Added.

  14. 2025-04-09 Tennessee General Assembly

    Assigned to s/c Finance, Ways, and Means Subcommittee

  15. 2025-04-09 Tennessee General Assembly

    Sponsor(s) Added.

  16. 2025-04-09 Tennessee General Assembly

    Rec. for pass; ref to Finance, Ways, and Means Committee

  17. 2025-04-07 Tennessee General Assembly

    Sponsor(s) Added.

  18. 2025-04-02 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 4/9/2025

  19. 2025-04-02 Tennessee General Assembly

    Action def. in State & Local Government Committee to 4/9/2025

  20. 2025-04-02 Tennessee General Assembly

    Sponsor(s) Added.

  21. 2025-04-02 Tennessee General Assembly

    Recommended for passage, refer to Senate Finance, Ways, and Means Committee

  22. 2025-04-01 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 4/2/2025

  23. 2025-04-01 Tennessee General Assembly

    Action deferred in Senate State and Local Government Committee to 4/2/2025

  24. 2025-03-31 Tennessee General Assembly

    Sponsor(s) Added.

  25. 2025-03-26 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 4/2/2025

  26. 2025-03-26 Tennessee General Assembly

    Action def. in State & Local Government Committee to 4/2/2025

  27. 2025-03-26 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 4/1/2025

  28. 2025-03-19 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 3/26/2025

  29. 2025-03-19 Tennessee General Assembly

    Rec. for pass by s/c ref. to State & Local Government Committee

  30. 2025-03-12 Tennessee General Assembly

    Placed on s/c cal Cities & Counties Subcommittee for 3/19/2025

  31. 2025-03-11 Tennessee General Assembly

    Sponsor(s) Added.

  32. 2025-03-03 Tennessee General Assembly

    Sponsor(s) Added.

  33. 2025-02-12 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate State and Local Government Committee

  34. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  35. 2025-02-05 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  36. 2025-02-05 Tennessee General Assembly

    P2C, ref. to State & Local Government Committee

  37. 2025-02-03 Tennessee General Assembly

    Intro., P1C.

  38. 2025-01-31 Tennessee General Assembly

    Filed for introduction

  39. 2025-01-28 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Present law
requires there to be paid from the general funds of the state to certain disabled veterans the amount necessary to pay or reimburse such taxpayers for all or part of the local property taxes paid for a given tax year on that property that the disabled ve
t
eran owned and used as the disabled veteran's residence.
Such
reimbursement
must
be paid on the first $175,000 of the full market value of such property.
For
tax years beginning on or after July 1, 202
5, t
his bill
clarifies
that the assessor of property
determines the full market value of the property.

Present law requires, in determining the amount of relief to a taxpayer, the effective assessed value on the first $175,000 of full market value to be multiplied by a tax rate that has been adjusted to re
flect the relationship between appraised value and market value in that jurisdiction, as determined by the state board of equalization.
For
tax years beginning on or after July 1, 202
5, t
his bill changes the present law by requiring, instead, the assessed
value on the first $175,000 of the full market value to be multiplied by the ad valorem tax rate in that jurisdiction.

Present law provides that the full market value of the property is determined by adjusting the appraised value of the property as show
n on the records of the assessor of property by a factor that reflects the relationship between appraised value and market value in that jurisdiction, as determined by the state board of equalization.
For
tax years beginning on or after July 1, 202
5, t
his
bill deletes this provision.

Current Bill Text

Read the full stored bill text 
SENATE BILL 651
By Crowe

HOUSE BILL 436
By Crawford

HB0436
002090
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 67,
Chapter 5, Part 7, relative to property tax relief.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-5-704(a), is amended by deleting
the subsection and substituting instead the following:
(1) There must be paid from the general funds of the state to certain disabled
veterans the amount necessary to pay or reimburse such taxpayers for all or part of the
local property taxes paid for a given tax year on that property that the disabled veteran
owned and used as the disabled veteran's residence as provided in this section.
(2) The reimbursement must be paid on the first one hundred seventy-five
thousand dollars ($175,000) of the full market value of the property, as determined by
the assessor of property in accordance with this chapter.
(3) In determining the amount of relief to a taxpayer, the assessed value on the
first one hundred seventy-five thousand dollars ($175,000) of the full market value must
be multiplied by the ad valorem tax rate in that jurisdiction.
(4) The assessed value is determined by multiplying the full market value of the
property up to one hundred seventy-five thousand dollars ($175,000) by twenty-five
percent (25%).
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it,
and applies to tax years beginning on or after July 1, 2025.