Tennessee Code 7-66-110 – Exemption from taxation
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Terms Used In Tennessee Code 7-66-110
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Property: includes both personal and real property. See Tennessee Code 1-3-105
Any property held under this chapter with retention of the deed by the local governmental unit is deemed to be the property of the local governing unit held for public purposes and is exempt from property taxation.