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

SB 2411: 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 February 5, 2026: Passed on Second Consideration, refer to Senate State and Local Government Committee

Plain-language summary

SB 2411 is a bill introduced in the Tennessee Senate on February 2, 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: Joey Hensley (Republican). Most recent recorded action (February 5, 2026): Passed on Second Consideration, refer to Senate State and Local Government Committee.

Sponsors

Primary sponsor: Joey Hensley (Republican).