State Tax Laws > Property Taxes > Tennessee (Summary)

Tax Type: Current Use

Description: Forest land is assessed at 25% of its current use value.

Law: Sec. 67-5-1001 to 67-5-1009

Objective: To preserve open space in or near urban areas, Tennessee authorizes the special assessment of real property used as forest or open space land under the same general provisions that apply to agricultural land.

Forest Tax Program Requirements

Min/Max Acreage: 15 - 1500 acres

Min. Stocking Growth: N/A

Forest Management Plan: N/A

Evidence of Use: The assessor will consider the acreage; the amount and type of timber on the land; the actual and potential growth rate of the timber; and the management practices being applied to the land and to the timber on it.

Duration of Enrollment: Indefinite as long as ownership does not change.

Penalties for Use Change: The difference in the present use value assessment and the value assessment using general valuation provisions for each of the preceding three years for forest land or five years for open space land

Program Administration

State: N/A

County Tax Assessor and Commissioner:

University: N/A

Landowner: N/A

For a more in depth discussion of Tennessee property taxes click here!