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Bill

SB 2064

Taxes, Real Property - As introduced, requires a local governmental entity to hold a referendum to approve a property tax increase that exceeds specified thresholds. - Amends TCA Title 48 and Title 67, Chapter 5.

114th Regular Session (2025-2026) Introduced by Bo Watson

Requires Tennessee local governments to hold voter referendums before implementing property tax increases exceeding specified thresholds, shifting taxing decisions from elected officials to voters.

Sponsor(s) Added.
#realproperty #taxes
0
WeVote Research Nonpartisan
Bill Summary · SB 2064

Legislative bill overview

SB 2064 would require Tennessee local governments to seek voter approval through referendum before implementing property tax increases that exceed specified thresholds. The bill amends state tax law to establish these requirements and constrain local taxing authority without legislative intervention.

Why is this important

Property tax increases directly affect homeowners' and business owners' costs of living and operating. This bill shifts decision-making power from elected local officials to voters, fundamentally changing how municipalities and counties can adjust their revenue collection—potentially impacting school funding, infrastructure projects, and public services that depend on property tax revenue.

Potential points of contention

  • Threshold definition: The bill's specific threshold amounts are not detailed in this summary, making it unclear whether minor adjustments or only substantial increases require referendums—this could significantly impact local government flexibility
  • Fiscal impact on services: Requiring referendums may make it harder for local governments to fund essential services during emergencies or economic changes, potentially forcing service cuts or delayed infrastructure maintenance
  • Voter participation rates: Referendum outcomes depend on voter turnout, which is typically lower than general elections, meaning tax decisions could be made by a small percentage of residents rather than elected representatives
  • Implementation burden: Holding referendums adds administrative costs and delays to the budget process, potentially creating uncertainty for municipalities planning annual budgets

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

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