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HB 2409

Taxes, Real Property - As introduced, adds an exception to the requirement that mineral and other interests in real property are assessed to the owner of the real property. - Amends TCA Title 67, Chapter 5.

114th Regular Session (2025-2026) Introduced by Tim Hicks

HB 2409 creates an exception to Tennessee's requirement that mineral and real property interests be taxed to their owners, potentially shifting tax liability or reducing local property tax revenue.

Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/20/2026
#realproperty #taxes
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Bill Summary · HB 2409

Legislative bill overview

HB 2409 modifies Tennessee's property tax assessment laws by creating an exception to the standard requirement that mineral interests and other real property interests be taxed to their actual owner. The bill amends Tennessee Code Annotated Title 67, Chapter 5, which governs property taxation and assessment procedures.

Why is this important

Property tax assessment rules directly affect tax obligations for landowners, particularly those with mineral rights or subsurface interests. Changes to ownership assessment requirements can shift tax liability between parties, impact revenue for local governments, and affect the economics of mineral extraction and land development in Tennessee.

Potential points of contention

  • Ambiguity of the exception: The bill description doesn't specify what the exception entails—it's unclear whose property wouldn't be assessed or under what circumstances, making it difficult to evaluate fairness
  • Revenue impact on counties: Creating assessment exceptions could reduce property tax revenue for local governments that depend on these taxes for schools, infrastructure, and services
  • Mineral industry influence: The change may disproportionately benefit mineral extraction companies or large landholders with subsurface interests, raising equity concerns for smaller property owners or rural communities

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

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