(a) The state division of property assessments shall prepare an application form to be approved by the state board of equalization for such deferrals, which shall contain the following information and such additional information as may be required by the state board of equalization:

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Terms Used In Tennessee Code 7-64-207

  • Collector: includes any person entrusted with the collection of public revenue. See Tennessee Code 1-3-105
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • Trustee: A person or institution holding and administering property in trust.
(1) Name and address of the applicant or applicants;
(2) Date and place of birth of applicant or applicants;
(3) Relationship between the applicants;
(4) Description and location, by civil district, of the property;
(5) Name of the person or persons holding title to the property;
(6) Name and address of any mortgage or lien holder;
(7) The amount of any mortgage or lien against such property; and
(8) Oath or verification of the information and disclosure by the applicant or applicants.
(b) Such application shall be accompanied by a fee in the amount of six dollars ($6.00) to be used to defray any expenses in the processing of such application.
(c) The trustee or municipal collector of taxes shall make a final determination of eligibility of the applicant.