While Tennessee homeowners grapple with skyrocketing local assessments, state lawmakers are moving to build a permanent firewall.
Local property appraiser reports indicate that property values in high-growth hubs, like Davidson County, have increased by as much as 45% over the last four years — a surge that often translates into a larger local tax bill.
In response, the Tennessee General Assembly is racing to pass a constitutional ban on any future statewide property tax, alongside emerging proposals to cap local rate hikes and grant full reimbursements for homeowners aged 65 and older…