Section 0600-13-.09 - ADJUSTMENTS TO THE TAX RATE(1) Adjustments for property tax incentives are limited to instances where an incentive payment in lieu of tax is calculated on the basis of the actual rate applied to a fixed assessment and not a percentage of an assessment.(2) In determining TIF adjustments, the jurisdiction may also exclude from the taxable value appearing on the roll: (a) The taxable value of properties subject to tax increment financing provisions adopted by the governing body pursuant to statute; and(b) The taxable value of properties within an area for which an economic impact plan has been approved by the governing body.Tenn. Comp. R. & Regs. 0600-13-.09
Original rules filed April 1, 2020; effective 6/30/2020.Authority: T.C.A. §§ 4-3-5103, 67-1-305, and 67-5-1601.