(a) Deferrals on payment of real property taxes granted under the terms of this part shall be terminated:

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Terms Used In Tennessee Code 7-64-105

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • 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
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1) Upon the death of the person to whom the deferral was granted and that person’s surviving spouse if such spouse meets the terms and conditions of this chapter; or
(2) When the residence is sold.
(b) When such termination is by death, such taxes and interest shall be due and payable within eighteen (18) months of such termination or the settlement of the estate, whichever occurs first.
(c) When such termination occurs as a result of the sale of the property, all unpaid taxes and interest on the taxes shall become due and payable within sixty (60) days. A deed for the sale of such property shall not be accepted for recordation in the office of the county register of deeds until all taxes and interest have been paid.
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