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Chester County seeks half of state real-estate transfer tax to be shared with counties
Summary
Chester County legislative body discussed and read a proposed resolution asking the Tennessee General Assembly to share one-half of the state's real-estate transfer tax with counties, citing Tennessee Code 67-4-409; transcript records the request and an estimate of $380,000 collected in 2024 but does not record a formal vote.
Chester County's legislative body read a proposed resolution requesting that one-half of the state-collected real-estate transfer tax be shared with the county where the tax is collected.
The proposed resolution cites Tennessee Code 67-4-409 and states that the state currently imposes a tax of 37 cents per $100 of value on instruments that record transfers of real property. The resolution says the tax is collected statewide and remitted to the state, and it asks that one-half of the revenue be returned to the county where the tax was collected on a recurring basis.
The county official presenting the resolution told the meeting the county's share would ease pressure on local property taxes, help fund infrastructure and services, and would not increase the tax rate. The official said total transfer-tax collections were "already $380,000 for '24," and that half of that amount would meaningfully help county revenue; the transcript does not record an exact dollar figure the county would receive, only the 2024 collection figure and the request for one-half to be shared.
The resolution text read into the record includes the phrase: "be it resolved by the county legislative body in session assembly, the county of Chester, hereby request that one-half of this tax, pursuant to Tennessee Code 67-4-409, be shared with the county where it's collected," and directs that the chairman of the county legislative body and the county court clerk certify and forward the resolution to the county's members of the Tennessee General Assembly.
The transcript records a request for a motion and approval of the resolution but does not record who moved or seconded, or any vote tally, nor an explicit announcement that the resolution was adopted. The agenda then moved on to a separate item about submitting a Community Development Block Grant (CDBG) application.
The proposal would not itself change state law; it is a request to the General Assembly. The transcript does not include any staff analysis of the legislative prospects, nor does it include any public testimony or input from county residents in the provided excerpt.
