2010 Tennessee Code
Title 67 - Taxes And Licenses
Chapter 5 - Property Taxes
Part 18 - Collection
67-5-1805 - Payment by part owner.
67-5-1805. Payment by part owner.
(a) Any person claiming or owning an undivided interest or part in any property or any specific portion of any property assessed to another shall receive a receipt in full for the person's taxes on paying such portion of the taxes as the person claims of the property or such proportion of the taxes as the person's quantity of the property bears to the whole quantity taxed.
(b) Before issuing a receipt in full on any specific portion of such property, the trustee shall be personally satisfied that the value placed on each portion is a correct relative valuation, either by agreement of the parties in interest or the certificate of the assessor that the trustee has fixed the valuation of the portion. This rule shall apply to all taxes, interest, penalties, and costs that have or may become a lien on any property in the hands of the trustee for collection or of the circuit court clerk for redemption from tax sale.
[Acts 1907, ch. 602, § 67; Shan., §§ 873a7-873a9; Code 1932, §§ 1560-1562; T.C.A. (orig. ed.), §§ 67-1117, 67-1118.]
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