2010 Tennessee Code
Title 67 - Taxes And Licenses
Chapter 5 - Property Taxes
Part 17 - Certified Tax Rate
67-5-1703 - Notification of change in assessment rolls Adoption of increased tax rate due to reduction in assessment rolls.
67-5-1703. Notification of change in assessment rolls Adoption of increased tax rate due to reduction in assessment rolls.
(a) The resolution or ordinance approved in the manner provided in § 67-5-1702 shall be forwarded to the county board of equalization and the state board of equalization.
(b) The county board or the state board, as appropriate, shall notify each taxing authority of any change in the assessment roll which results from action by either board.
(c) An increase in the tax rate above that certified or adopted by resolution or ordinance of the governing body, which is required solely by a reduction of the assessment roll by the state or county boards, may be adopted without further notice.
[Acts 1979, ch. 253, § 3; T.C.A., § 67-1018.]
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