Section 0600-09-.02 - DEFINITIONSFor purposes of the tax freeze rules and regulations:
(1) "Act" or "Tax Freeze Act" means the law codified as Tenn. Code Ann. § 67-5-705.(2) "Affidavit" is hereby defined as a notarized statement under oath which specifies all pertinent data and contains the valid signature of all parties thereto.(3) "Base Assessment" means the assessment as determined by the assessor of property used to determine the base tax.(4) "Base Tax" as defined by Tenn. Code Ann. § 67-5-705(c)(1)(5) "Collecting official" as defined by Tenn. Code Ann. § 67-5-705(c)(2).(6) "Division" or "Division of Property Assessments" shall mean the Division of Property Assessments in the Office of the Comptroller of the Treasury created by Tenn. Code Ann. § 67-1-201.(7) "Improvement" as defined by Tenn. Code Ann. § 67-5-705(c)(3).(8) "Owner" means a person that has a present possessory interest in the property fee or life estate, but for the purposes of the income requirement, "owner" includes persons of any interest in the property, including holders of remainder interest, who use the property as their principal residence at any time during the year(9) "Principal residence" as defined by Tenn. Code Ann. § 67-5-705(c)(4). Principal residence shall be determined and limited as provided for in Rule 0600-9-.04.(10) "Tax year" means the period of January 1 through December 31 of the year in which property taxes become due.(11) "Taxpayer" is hereby defined to be the applicant, except for determination of income.Tenn. Comp. R. & Regs. 0600-09-.02
Original rule filed November 13, 2007; effective January 27, 2008.Authority: Public Chapter 581, Acts of 2007, T.C.A. § 67-5-705.