Tennessee

Tennessee businesses – such as manufacturers, healthcare providers and others – with tangible personal property subject to ad valorem taxation in Tennessee should take note of the recent decision by the Assessment Appeals Commission (AAC) of the Tennessee Board of Equalization in In re: Signal Mountain Cement Company (Hamilton County, Tax Years 2008-2011). The AAC's holding likely results in greater tax liabilities for taxpayers relying on Tennessee standard valuation due to the AAC's approval of the inclusion of shipping, engineering, installation, tax, and other intangible expenses in the original cost of such assets for valuation purposes. Taxpayers should consider reporting nonstandard values determined utilizing a fair market value in exchange valuation approach as an option to reduce their tax exposure. Read More

Tags: |  

County commissioners are bracing for a loss of revenue resulting from more than 700 settlements on property tax appraisals in the past few months, including a nearly $434,000 refund to the Embassy Suites Hotel. Read More

Tags: |  

Two Memphis City Council members Monday proposed a referendum aimed at raising the city's sales tax rate to generate $27 million annually for pre-kindergarten education and another $20 million to reduce city property taxes. Read More

Tags: |  

 NewsChannel 5 Investigateshas confirmed federal agents served a search warrant on the home of former Putnam County Property Assessor Rhonda Chaffin. Read more

Tags: |  

 The Tennessee Court of Appeals is considering whether a bookstore and a cafe within a tax-exempted church should be subject to property taxes. Read more

Tags: |  

 Advocates for a South Nashville megachurch argued in the Tennessee Court of Appeals this morning that a gym, bookstore and cafe on its property “fit the spiritual needs of the congregation” and thus should not be subject to property taxes. Read more

Tags: |  

 Property taxes owed for 2010 are delinquent on more than 1,400 pieces of property in Henry County. Read more

Tags: |  

 Folks who lose homes to fire, flooding, tornadoes or other disaster can get a break in property taxes until their houses are rebuilt, Rutherford County Property Assessor Rob Mitchell said. Read more

Tags: |  

 McMinn County's Property Assessor office is being tight lipped about accusations that Property Assessor Jerry Anderson was caught shoplifting last month. However, residents are approaching the issue differently. Read more

Tags: |  

 Two bitter political foes — one the current Roane County property assessor and the other his predecessor — are bickering over a building's value, with the amount of property taxes owed at stake. Read more

Tags: |  

 A tax break for Tennessee’s solar industry violates the state constitution because it favors certain taxpayers, state Attorney General Robert Cooper said Friday, jeopardizing the future viability of the credit. Read more

Tags: |  

 Two fired property assessor employees filed a federal lawsuit this month against their former boss, Bill Boner, claiming sex discrimination and sexual harassment. Read more

Tags: |  

 The dropping prices of solar panels have bolstered installations of solar systems in Tennessee. But some industry experts say clashes with electric-power distributors and various local zoning and building regulations threaten to put a damper on potential projects. Read more

Tags: |  

According to an investigation by The Knoxville News Sentinel, wealthy individuals — including corporate CEOs and country music stars — are taking advantage of a loophole in Tennessee law to claims huge tax breaks on their property.  Read more

Tags: |  

Agents with the Federal Bureau of Investigation are asking questions involving former Putnam County Property Assessor Rhonda Chaffin. Read more

Tags: |  

 A law passed to reduce taxes for farmers is also being used to drastically cut tax bills by wealthy Tennessee residents who appear to do little farming. Read more

Tags: |  

 Roger Mick lives on an impressive sweep of land resembling the setting for the soap opera Dallas: 70 acres of manicured pastures surrounding a sprawling, 12,000-square-foot mansion with a tennis court and pool. Read more

Tags: |  

 Knox County Property Assessor Phil Ballard said that he plans to review the county's greenbelt tax breaks starting Nov. 5. Read more

Tags: |  

 Crescent Resources vs. Williamson County: Decision before state Tennessee Board of Equalization found developer not entitled to discount because farming was "incidental'' and not "the primary purpose for which subject property is used or held.'' The 2008 ruling upheld assessor's revoking of tax break for 215-acre property in the intensely developed area near the Nissan building off Interstate 65 in Franklin. Portions of property were already developed. Read more

Tags: |  

 Over his four years as the Rutherford County Assessor of Property, Bill Boner stripped greenbelt tax breaks from hundreds of landowners — even his brother. Read more

Tags: |