Plain English Breakdown
The official summary does not provide specific details about updates to other sections of Tennessee's laws related to property tax and administration, only mentioning that it amends certain titles but without specifying the content changes.
Property Tax Notice Requirements
This bill requires written notice from the state board of equalization to county mayors when considering an extension for completing a property reappraisal program.
What This Bill Does
- Requires that any notification about extending time limits for property reappraisals must be in writing.
Who It Names or Affects
- The state board of equalization, which is responsible for property tax assessments.
- County mayors who receive notifications about property tax reappraisal extensions.
Terms To Know
- Property Reappraisal
- A process where the value of properties is reassessed to determine new property taxes.
- State Board of Equalization
- The state agency responsible for ensuring fair and equal property tax assessments across Tennessee.
Limits and Unknowns
- It does not specify what happens if the written notice is not sent on time.
- Does not provide details about how or when county mayors must respond to these notices.
- The bill's full impact depends on existing property tax laws and practices in Tennessee.