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SB0949 • 2026

Taxes, Ad Valorem

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, relative to correction of property tax assessments.

Taxes
Active

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

Sponsor
Powers, Lankford
Last action
2025-02-12
Official status
Passed on Second Consideration, refer to Senate State and Local Government Committee
Effective date
Not listed

Plain English Breakdown

The official source does not provide information about the number of people who will use this extra time or any limits on types of corrections after ten years.

Changing When Property Tax Corrections Can Be Made

This bill changes when property owners or assessors can ask for corrections to their property taxes.

What This Bill Does

  • Changes the deadline from March 1 of the second year after a tax year to March 1 of the tenth year after that tax year.
  • Applies these changes starting with the 2016 tax year.

Who It Names or Affects

  • Property owners who want to correct their tax assessments
  • Assessors who need to make corrections for property taxes

Terms To Know

Taxpayer
A person or business that pays taxes.
Assessor
An official who determines the value of property for tax purposes.

Limits and Unknowns

  • The bill does not specify how many people will use this extra time to correct their assessments.
  • It is unclear if there are any limits on what types of corrections can be made after ten years.

Bill History

  1. 2026-01-13 Tennessee General Assembly

    Sponsor change.

  2. 2025-02-12 Tennessee General Assembly

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

  3. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  4. 2025-02-06 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  5. 2025-02-06 Tennessee General Assembly

    P2C, ref. to State & Local Government Committee

  6. 2025-02-05 Tennessee General Assembly

    Filed for introduction

  7. 2025-02-05 Tennessee General Assembly

    Intro., P1C.

  8. 2025-02-03 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 699
By Burkhart

SENATE BILL 949
By Powers

SB0949
000702
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 67,
Chapter 5, relative to correction of property tax
assessments.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-5-509(d), is amended by deleting
the first sentence, which presently reads:
Correction of assessments pursuant to this section must be requested by the
taxpayer, or initiated by the assessor, prior to March 1, no more than the second year
following the tax year for which the correction is to be made.
and substituting instead:
Correction of assessments pursuant to this section must be requested by the
taxpayer, or initiated by the assessor, prior to March 1, no more than the tenth year
following the tax year for which the correction is to be made.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it,
and applies to assessments for the 2016 and subsequent tax years.