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HB2265 • 2026

Taxes, Real Property

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, relative to property taxes.

Taxes
Active

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

Sponsor
Leatherwood, Rose
Last action
2026-02-05
Official status
Assigned to s/c Cities & Counties Subcommittee
Effective date
Not listed

Plain English Breakdown

Checked against official source text during the last sync.

Property Tax Study for Tennessee

This bill asks the comptroller to study using the most recent price paid for homes instead of assessors' appraisals for property taxes in Tennessee.

What This Bill Does

  • Urges the comptroller to study how setting home values based on their last sale price could work as an alternative to current appraisal methods.
  • Requires a report from the comptroller if this study is done, which should include findings and recommendations.
  • Sends the report to specific committees in both houses of Tennessee's legislature.

Who It Names or Affects

  • The comptroller of the treasury
  • Assessors of property who set home values for tax purposes

Terms To Know

Comptroller
A person in charge of managing a state's money and financial records.
Appraisal
The process of estimating the value of property for tax purposes.

Limits and Unknowns

  • It is not clear if or when this study will be conducted.
  • There are no specific details on how the new method would affect homeowners' taxes.

Bill History

  1. 2026-03-02 Tennessee General Assembly

    Assigned to General Subcommittee of Senate State & Local Government Committee

  2. 2026-02-05 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  3. 2026-02-05 Tennessee General Assembly

    P2C, ref. to State & Local Government Committee

  4. 2026-02-05 Tennessee General Assembly

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

  5. 2026-02-04 Tennessee General Assembly

    Intro., P1C.

  6. 2026-02-02 Tennessee General Assembly

    Filed for introduction

  7. 2026-02-02 Tennessee General Assembly

    Introduced, Passed on First Consideration

  8. 2026-02-02 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
SENATE BILL 2439
By Rose

HOUSE BILL 2265
By Leatherwood
HB2265
012552
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 67,
Chapter 5, relative to property taxes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. The comptroller of the treasury is urged to study the feasibility and
potential impacts of establishing the value of all residential property as the most recent price
paid for the property in lieu of assessors of property appraising the value through the use of
assessment manuals. If such study is conducted, then the comptroller shall submit a report,
including any findings and recommendations, to the finance, ways and means committee of the
senate and the committee of the house of representatives having jurisdiction over finance
matters.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.