Limitation on Value of Principal Residence. [For Contingent Repeal of This Section, See the Compiler's notes.]

  1. Law
  2. Tennessee Code
  3. Consolidated Governments and Local Governmental Functions and Entities
  4. Real Property Tax Deferral
  5. Chapter 659 Deferral
  6. Limitation on Value of Principal Residence. [For Contingent Repeal of This Section, See the Compiler's notes.]

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The limitation on value of the principal place of residence shall be under fifty thousand dollars ($50,000) and shall be determined by the appraised fair market value as it appears on the records of the county assessor and not the reduced assessment.


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