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SB0327 • 2026

Taxes, Ad Valorem

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, relative to property classification and assessment.

Taxes
Active

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

Sponsor
Massey, Rudd
Last action
2025-03-25
Official status
Assigned to General Subcommittee of Senate State & Local Government Committee
Effective date
Not listed

Plain English Breakdown

The official source does not provide specific details on how the change will affect property taxes or if there are any exceptions for properties classified as residential.

Changing How Residential Property Is Defined for Taxes

This bill changes how residential property is defined in Tennessee to include properties that can be sold and purchased as a single unit with full ownership rights.

What This Bill Does

  • Changes the definition of 'residential property' in Tennessee law.
  • Includes properties that can be bought and sold as a single unit with full ownership rights.

Who It Names or Affects

  • People who own or want to buy property in Tennessee.
  • Local governments that collect property taxes.

Terms To Know

Residential Property
Real estate used for living, including homes and apartments.
Fee Simple Title
Full ownership of a piece of land with the right to use it as you wish.

Limits and Unknowns

  • The bill does not specify how this change will affect property taxes.
  • It is unclear if there are any exceptions or additional requirements for properties classified as residential.

Bill History

  1. 2025-03-25 Tennessee General Assembly

    Assigned to General Subcommittee of Senate State & Local Government Committee

  2. 2025-03-19 Tennessee General Assembly

    Def. to Summer Study in Cities & Counties Subcommittee

  3. 2025-03-18 Tennessee General Assembly

    Reset on Final calendar of Senate State and Local Government Committee

  4. 2025-03-12 Tennessee General Assembly

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

  5. 2025-03-11 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/18/2025

  6. 2025-02-12 Tennessee General Assembly

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

  7. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  8. 2025-02-03 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  9. 2025-02-03 Tennessee General Assembly

    P2C, ref. to State & Local Government Committee

  10. 2025-01-27 Tennessee General Assembly

    Filed for introduction

  11. 2025-01-27 Tennessee General Assembly

    Intro., P1C.

  12. 2025-01-22 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 319
By Rudd

SENATE BILL 327
By Massey

SB0327
001197
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 67,
Chapter 5, relative to property classification and
assessment.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-5-501(11), is amended by
deleting the following:
"Residential property" includes all real property that is used, or held for use, for
dwelling purposes and that contains not more than one (1) rental unit.
and substituting instead:
"Residential property" includes all real property that is used, or held for use, for
dwelling purposes, that can be sold and purchased as a single unit fee simple title,
whether it is vacant, owner-occupied, rented, or detached or attached, and that contains
not more than one (1) rental unit.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.