Tennessee Code 6-22-113 – Change of due dates – Semiannual installments

(a) The board of commissioners may, by ordinance passed by unanimous vote, change the due date and delinquent date of all taxes, and may provide for the semiannual payment of taxes and a discount for the prompt payment of such taxes.

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Terms Used In Tennessee Code 6-22-113

Board: means the mayor and the aldermen. See Tennessee Code 6-1-101
City: means any city or territory to be incorporated that may adopt chapters 30-36 of this title. See Tennessee Code 6-30-102
Property: includes both personal and real property. See Tennessee Code 1-3-105
Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105

(b) In case a semiannual installment of taxes is made due and payable before the assessment and levy of taxes in the city for the current year is complete, the amount of the installment so collected as a tax upon any property shall be not more than fifty percent (50%) of the taxes levied on the property for the preceding year, such installment to be credited on the current year’s taxes when determined and levied.

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Tennessee Code 6-22-113 – Change of due dates – Semiannual installments

Terms Used In Tennessee Code 6-22-113

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