TN HB1846

Eliminates rollback tax liability when agricultural, forest, or open space land (greenbelt property) is sold, conveyed, or transferred, regardless of whether the buyer renews the greenbelt classification

Removes the provision that triggered rollback taxes when a conveyance or transfer rendered land exempt from greenbelt status

Requires buyers of greenbelt-classified property to submit a new application to renew the agricultural, forest, or open space land classification

Changes responsibility for rollback taxes from "current owner or seller" to simply "owner" of the land

Takes effect July 1, 2026, and applies only to property sold, conveyed, or transferred on or after that date