HB648 — Taxes, Real Property - As introduced, creates real property tax freeze program for persons 65 years of age or older who have lived in their principal residence for 30 years or more when the assessed value of the property increases by 50 percent or more from an established baseline assessed value of the property. - Amends TCA Title 67, Chapter 5, Part 7.

HB648 — Taxes, Real Property - As introduced, creates real property tax freeze program for persons 65 years of age or older who have lived in their principal residence for 30 years or more when the assessed value of the property increases by 50 percent or more from an established baseline assessed value of the property. - Amends TCA Title 67, Chapter 5, Part 7. · Informed CitizenryHB648 amends Tennessee Code to establish a property tax freeze program for individuals aged 65 or older. To qualify under the new provision, an applicant must own and use the property as their prin…Open in Informed Citizenry