(a) A state licensed appraiser may perform appraisals of the following properties:

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Terms Used In Tennessee Code 62-39-302

  • 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
(1) All properties with a transaction value of up to two hundred fifty thousand dollars ($250,000);
(2) Noncomplex residential properties with a transaction value up to, but not including, one million dollars ($1,000,000); and
(3) Agricultural properties, including agricultural properties with up to two (2) dwelling units, with a value up to, but not including, one million dollars ($1,000,000).
(b) A state certified residential appraiser shall be authorized to appraise all properties that a state licensed appraiser may appraise and also all residential real property consisting of one (1) to four (4) units.
(c) A state certified general appraiser shall have no transaction value limits on the appraiser’s appraisal practice.
(d) Nothing contained within the language of this section shall be construed to authorize a state licensed appraiser to appraise property that federal agencies require to be appraised by a state certified appraiser.
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