State
Tennessee
Year
2018
Variations in Receipt of Benefit
No Variation in Receipt of Benefits
Benefit Type
Assessment Freeze
Other
Benefit
The benefit is a property tax freeze. Property taxes are held at the lesser of the value recorded in the year the property owner becomes eligible for the program, or current level. The taxpayer must apply annually.
How is Benefit Disbursed
Credit to the property tax bill
Eligible Property Type
Residential
Characteristics of Eligible Property
Eligibility is limited to the applicant's place of residence.
Eligibility Criteria
Age
Homeowner
Income Ceiling
Principal Residence
Description of Eligibility Criteria
Claimant must be 65 years or older and not have an income exceed the limit established annually by the Comptroller of the Treasury. The income levels for each county are determined as the greater of the weighted average of the median household income for the age group 65 to 74 and 75 and older who reside in the county the claimant is filing in. The lowest income ceiling is $29,860 in 52 counties and the highest income ceiling is $53,680.
Local Option in Adoption of Program
Local government must take action to opt in
Local Option Regarding Program Features
No local option regarding program features
State Funding for Local Tax Loss
Local government covers all of its tax loss
Record ID
TN104_RR18
Footnotes
Sources
[https://www.comptroller.tn.gov/pa/pdf/Tax_Freeze_Jurisdictions_2018.pdf accessed 09 October 2018]
View Archived Source
State of Tennessee, Comptroller of the Treasury, Property Tax Freeze Income Limits by County - Tax Year 2018
[https://www.comptroller.tn.gov/pa/pdf/TaxFreezeIncomeLimits2018List.pdf accessed 09 October 2018]
View Archived Source