Does Tennessee have anything like a principal residence exemption?
I just moved from Tennessee to Michigan. We are leasing the place in TN to a friend and purchased a new primary residence in Michigan. In Michigan, we have a principal residence exemption which means we pay far less for our primary residence.
However, I believe Michigan requires that we give up any exemption like this in other states. Is there anything I might need to rescind in TN? When searching for residency exemptions, I mainly came across bankruptcy homestead exemption and exemptions on property taxes for seniors.
Does TN have any property tax exemption for a primary residence?
(1)1 Comments
Sorted by latest first Latest Oldest Best
There's no homestead property tax exemption in TN.
According to the TN comptroller site:
Exemptions
Exemptions are available for religious, charitable, scientific, and
nonprofit educational uses, governmental property, and cemeteries.
Most nongovernmental exemptions require a one-time application and
approval by the State Board of Equalization (615/401-7883) and there
is a May 20 application deadline. There is no "homestead" exemption,
but low income elderly and disabled persons and disabled veterans may
qualify for a rebate of taxes on a specified portion of the value of
property used as their residence. Business inventories held for sale
or exchange by merchants subject to the business gross receipts tax,
are not assessable. Farm and residential tangible personal property
are not assessable.
Terms of Use Privacy policy Contact About Cancellation policy © freshhoot.com2026 All Rights reserved.