Tennessee SB 651: Taxes, Real Property - As introduced, revises the formula for calculating tax relief on real property owned by eligible disabled veterans so that in determining the amount of relief to such a taxpayer, the assessed value on the first $175,000 of full market value is to be multiplied by the ad valorem tax rate of the jurisdiction instead of by a rate that has been adjusted to reflect the relationship between appraised value and market value in that jurisdiction. - Amends TCA Title 67, Chapter 5, Part 7.

Status: Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026 (as of 2026-04-20)

State: Tennessee · Session: 114 · Bill: SB 651

Subjects: Real Property, Taxes

Sponsors: Crowe

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