TN HB0733

Taxpayers may appeal industrial and commercial property valuations directly to the state board of equalization, bypassing the local board, if filed before August 1 of the tax year

City or county collecting officials may decline to accept disputed portions of property tax when the full undisputed amount is paid, but must notify the taxpayer by certified mail within 7 calendar days or forfeit this right

Disputed tax portions declined by collecting officials are not considered delinquent while the appeal is pending before county or state boards of equalization

Interest does not accrue on disputed tax portions from the delinquency date until 30 days after the state board of equalization issues its final assessment certificate

Takes effect immediately upon becoming law