Section 0600-08-.01 - APPLICATION FORM AND FEES(1) Persons applying for property tax exemption shall apply on a form approved by the Board and pay a fee to defray the expense of processing the application, as provided in this rule. The fee shall be proportionate to the value of the property as estimated by staff based on available information. The fee shall be thirty dollars ($30) for property valued at less than $100,000, forty-two dollars ($42) for property valued from $100,000 to less than $250,000, sixty dollars ($60) for property valued from $250,000 to less than $400,000, and one hundred twenty dollars ($120) for property valued at $400,000 or more. The fee shall be due upon the filing of the application.(2) If the Board determines that the cost associated with processing exemption applications in a given year was less than the amount of fees paid, the excess of fees paid over cost shall be refunded ratably to each payor during the year.(3) Notwithstanding the value of the property which is the subject of an application, the minimum fee only shall be due when application is made for exemption of property that is exempt at the time of transfer and is being transferred between affiliated institutions with no change in use.Tenn. Comp. R. & Regs. 0600-08-.01
Original rule filed April 30, 2004; effective July 14, 2004. Amendment filed February 1, 2011; to have been effective May 2, 2011. On April 29, 2011, the Government Operations Committee filed a 15 day stay of the rule; new effective date May 17, 2011. Amendment filed December 12, 2012; effective March 12, 2013.Authority: T.C.A. §§ 67-1-305 and 67-5-212(b).