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

SB 431: Assessors - As introduced, requires assessors of property to correct an assessment of property for any real property destroyed, demolished, or substantially damaged by disaster between September 1 and December 31 of any year by prorating the assessment for that portion of the year and applying it to the subsequent tax year. - Amends TCA Title 67, Chapter 5, Part 6.

In committee Last action February 12, 2025: Passed on Second Consideration, refer to Senate State and Local Government Committee

Plain-language summary

SB 431 is a bill introduced in the Tennessee Senate on January 28, 2025. According to its official title, it concerns: Assessors - As introduced, requires assessors of property to correct an assessment of property for any real property destroyed, demolished, or substantially damaged by disaster between September 1 and December 31 of any year by prorating the assessment for that portion of the year and applying it to the subsequent tax year. - Amends TCA Title 67, Chapter 5, Part 6. Primary sponsor: Reeves. Most recent recorded action (February 12, 2025): Passed on Second Consideration, refer to Senate State and Local Government Committee.

Sponsors

Primary sponsor: Reeves.