The limitation on value of the principal place of residence shall be under fifty thousand dollars ($50,000) and shall be determined by the appraised fair market value as it appears on the records of the county assessor and not the reduced assessment.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 64 - Real Property Tax Deferral
§ 7-64-203. Determining Income Limitation. [For Contingent Amendment, See the Compiler's notes.]
§ 7-64-204. Other Laws Superseded
§ 7-64-205. Claim by Surviving Spouse
§ 7-64-209. Interest — Lien for Unpaid Taxes. [For Contingent Amendment, See the Compiler's notes.]
§ 7-64-210. Termination of Deferral. [For Contingent Amendment, See the Compiler's notes.]