The University of Tennessee, Knoxville

Tennessee County Municipal Advisory Service

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Property Taxes: Prior Years

Reference Number: MTAS-1846
Tennessee Code Annotated
Reviewed Date: November 07, 2017
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Revenue Class: Local Taxes

Fund: General     

Account No.: 31200

Description: Some people do not pay their property taxes by the due date. This represents property tax payments from previous years that are received by the municipalities.

Authorization: Article II, Section 28 of the Tennessee Constitution; T.C.A. § 67-1-701 et seq.; T.C.A. § 67-1-801 et seq.; T.C.A. § 67-5-801 et seq.; T.C.A. § 67-5-901 et seq.; T.C.A. § 67-5-2001 et seq.

Requirements or Restrictions: N/A

Current Rate: Statutes provide that the following percentages of full value be used to determine assessments:

  • Public utility real and tangible personal property – 55 percent;
  • Industrial and commercial real property – 40 percent;
  • Industrial and commercial tangible personal property – 30 percent;
  • Residential and farm real property – 25 percent;
  • Other tangible personal property – 5 percent.

Frequency of Payment: Varies.

Late Pay Penalty: See Interest and Penalties – Property Tax, Account #31300.

Exemptions: N/A

Collection: There are several options for collecting delinquent property taxes, including publishing a list of delinquent taxpayers in a local newspaper, turning the delinquent list over to a tax attorney, distraint, garnishment and a tax sale. See T.C.A. § 67-5-2001 et seq. for a complete list and procedures.

Use Restrictions: N/A

Responsible: