Taxes, Ad Valorem - As introduced, establishes limitations on the property tax rates set by a county or municipality. - Amends TCA Title 67, Chapter 5.

HB 2325 sets maximum property tax rates for Tennessee counties and municipalities. It caps county property tax rates at $3.00 per $100 of assessed value and municipal rates at $2.50 per $100. These limits will take effect January 1, 2027, and apply to all local governments setting property tax rates. The bill directly affects county and municipal governments by restricting their authority to set higher tax rates. It amends Tennessee Code Annotated, Title 67, Chapter 5, to establish these specific rate caps.