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SB2439 • 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
Rose, Leatherwood
Last action
2026-03-02
Official status
Assigned to General Subcommittee of Senate State & Local Government Committee
Effective date
Not listed

Plain English Breakdown

The bill does not require the comptroller to write a report unless the study is conducted.

Property Tax Study Act

This bill urges the comptroller to study using recent sale prices for setting residential property taxes instead of current appraisal methods.

What This Bill Does

  • Urges the comptroller 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.

Who It Names or Affects

  • The comptroller of the treasury
  • Property owners who pay residential property taxes

Terms To Know

Comptroller of the Treasury
A person in charge of managing and auditing government finances.
Assessment manual
A guide used by property tax assessors to determine the value of properties for tax purposes.

Limits and Unknowns

  • The bill does not specify when or if the study will be done.
  • It is unclear what changes, if any, might come from the report's recommendations.

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

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

  3. 2026-02-05 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  4. 2026-02-05 Tennessee General Assembly

    P2C, ref. to State & Local Government Committee

  5. 2026-02-04 Tennessee General Assembly

    Intro., P1C.

  6. 2026-02-02 Tennessee General Assembly

    Introduced, Passed on First Consideration

  7. 2026-02-02 Tennessee General Assembly

    Filed for introduction

  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 
HOUSE BILL 2265
By Leatherwood

SENATE BILL 2439
By Rose
SB2439
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.