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House approves tax-relief measure for property damage assessments after Helene
Summary
The House passed Senate Bill 7 to provide assessment and tax relief for property owners whose property was damaged in the Helene floods; sponsor described a grant equal to roughly 130% of reassessed taxes for damaged properties and said the measure is a first step for affected residents.
NASHVILLE — The Tennessee House on Jan. 30 approved Senate Bill 7, a measure intended to help property owners recover from flood damage by creating a process for reassessment and a grant tied to property tax liability after damage.
Chairman Faizon, the bill sponsor, described personal observations from his district and framed the measure as a modest but necessary…
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