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SB 949

Taxes, Ad Valorem - As introduced, changes from March 1 of the second year following a tax year to March 1 of the tenth year following a tax year by which certain corrections to the property tax assessment for that tax year are to be initiated by an assessor or requested by a taxpayer. - Amends TCA Title 67, Chapter 5.

114th Regular Session (2025-2026)

Extends Tennessee property tax assessment correction deadline from 2 years to 10 years, giving assessors and taxpayers longer to identify and fix valuation errors.

Passed on Second Consideration, refer to Senate State and Local Government Committee
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Bill Summary · SB 949

Legislative bill overview

SB 949 extends the deadline for correcting property tax assessments in Tennessee from two years to ten years after a tax year. This means both tax assessors and property owners would have a significantly longer window to identify and request corrections to their assessed property values.

Why is this important

Property tax assessment errors can result in overpayment or underpayment of taxes. Extending the correction period gives taxpayers substantially more time to dispute assessments they believe are inaccurate, and allows assessors more time to catch and correct their own errors before assessments become final.

Potential points of contention

  • Fiscal uncertainty: A longer correction window could increase future tax refund liabilities for counties and municipalities, making budget projections less predictable
  • Finality concerns: Assessments remaining open to challenge for a decade may create administrative burden and discourage timely tax payments if properties remain in dispute
  • Taxpayer protection vs. government revenue: While taxpayers gain protection against long-standing errors, counties lose certainty; critics may argue ten years is excessive compared to the current two-year standard

Compiled from official sources — confirm details with the bill’s official record.

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