Tennessee § 66-9-308 Assessment for taxation purposes

Tennessee Statutes

§ 66-9-308 — Assessment for taxation purposes

Tennessee § 66-9-308

Title66

This text of Tennessee § 66-9-308 (Assessment for taxation purposes) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 66-9-308 (2026).

Text

(a)(1) When a conservation easement is held by a public body or exempt organization for the purposes of this chapter, the subject real property shall be assessed on the basis of the true cash value of the property or as otherwise provided by law, less such reduction in value as may result from the granting of the conservation easements.

(2)The value of the easement interest held by the public body or exempt organization shall be exempt from property taxation to the same extent as other public property.

(3)If a conservation easement in a structure is held by a public body or exempt organization for the term of a person's life or a term of years, the exemption shall apply for the length of the term and no longer.

(b)The owner of the fee shall have all rights and powers to appeal any asse

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(a) (1) When a conservation easement is held by a public body or exempt organization for the purposes of this chapter, the subject real property shall be assessed on the basis of the true cash value of the property or as otherwise provided by law, less such reduction in value as may result from the granting of the conservation easements. (2) The value of the easement interest held by the public body or exempt organization shall be exempt from property taxation to the same extent as other public property. (3) If a conservation easement in a structure is held by a public body or exempt organization for the term of a person's life or a term of years, the exemption shall apply for the length of the term and no longer. (b) The owner of the fee shall have all rights and powers to appeal any assessment of such interest on the same basis as provided by law for property tax assessment appeals.