Tennessee Code 12-1-204 – Effect of taking on property valuation
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Terms Used In Tennessee Code 12-1-204
- Property: includes both personal and real property. See Tennessee Code 1-3-105
- taking: means the taking of private property by government action such that compensation to the owner of that property is required by either:
(A) The fifth or fourteenth Amendment to the . See Tennessee Code 12-1-202
If a court determines that a government action has resulted in an unconstitutional taking in Tennessee, the effect on the valuation of such property shall be taken into account in determining the value of the property for property tax purposes under title 67, chapter 5, part 6.