KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Tennessee

HB2520 • 2026

Taxes, Ad Valorem

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
Barrett, Pody
Last action
2026-02-05
Official status
P2C, caption bill, held on desk - pending amdt.
Effective date
Not listed

Plain English Breakdown

The official source material does not provide details on consequences for non-compliance with written notification requirements.

Property Tax Notification Requirements

This bill requires written notification when a county or city defaults on a state loan for real estate reappraisal programs.

What This Bill Does

  • Requires written notification from the director of property assessments to the commissioner of finance and administration if a county or city fails to repay a state loan for real estate reappraisal programs.

Who It Names or Affects

  • The director of the division of property assessments in Tennessee.
  • The commissioner of finance and administration in Tennessee.
  • Counties and cities that receive state loans for real estate reappraisal programs.

Terms To Know

Ad Valorem
A type of tax based on the value of a property or item.
Reappraisal Program
A program that reassesses the value of properties for tax purposes.

Limits and Unknowns

  • The bill does not specify what happens if written notification is not provided.
  • It's unclear how this change will affect existing loan agreements between counties or cities and the state.

Bill History

  1. 2026-03-03 Tennessee General Assembly

    Assigned to General Subcommittee of Senate State & Local Government Committee

  2. 2026-02-24 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/3/2026

  3. 2026-02-05 Tennessee General Assembly

    P2C, caption bill, held on desk - pending amdt.

  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

    Sponsor(s) withdrawn.

  6. 2026-02-04 Tennessee General Assembly

    Sponsor change.

  7. 2026-02-04 Tennessee General Assembly

    Intro., P1C.

  8. 2026-02-03 Tennessee General Assembly

    Sponsor(s) Added.

  9. 2026-02-03 Tennessee General Assembly

    Filed for introduction

  10. 2026-02-02 Tennessee General Assembly

    Introduced, Passed on First Consideration

  11. 2026-01-22 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
SENATE BILL 1961
By Pody

HOUSE BILL 2520
By Barrett
HB2520
011888
- 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. Tennessee Code Annotated, Section 67-5-1602(c), is amended by
inserting the language ", in writing," after the language "shall notify".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.