Tennessee · 114th Regular Session (2025-2026) · Bill

HB 1716: Taxes, Real Property - As introduced, sets the value of residential property for tax purposes at the higher of the most recent price paid for the property or the value attributed to the property by a financial institution when the owner refinances the mortgage on the property or otherwise uses the property as collateral for a loan; prohibits the sale of real property used by the owner as a principal place of residence for 10 years or more to satisfy a tax debt. - Amends TCA Title 26 and Title 67.

In committee Last action March 4, 2026: Failed in s/c Cities & Counties Subcommittee of State & Local Government Committee

Plain-language summary

HB 1716 is a bill introduced in the Tennessee House on January 16, 2026. According to its official title, it concerns: Taxes, Real Property - As introduced, sets the value of residential property for tax purposes at the higher of the most recent price paid for the property or the value attributed to the property by a financial institution when the owner refinances the mortgage on the property or otherwise uses the property as collateral for a loan; prohibits the sale of real property used by the owner as a principal place of residence for 10 years or more to satisfy a tax debt. - Amends TCA Title 26 and Title 67. Primary sponsor: Monty Fritts (Republican). Most recent recorded action (March 4, 2026): Failed in s/c Cities & Counties Subcommittee of State & Local Government Committee.

Sponsors

Primary sponsor: Monty Fritts (Republican).