TN SB1824

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 would render the land's status exempt.

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

Changes rollback tax responsibility language from "current owner or seller" to simply "owner of the land."

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