Taxes, Ad Valorem - As introduced, changes from March 1 of the second year following a tax year to March 1 of the tenth year following a tax year by which certain corrections to the property tax assessment for that tax year are to be initiated by an assessor or requested by a taxpayer. - Amends TCA Title 67, Chapter 5.

HB 699 extends the deadline for correcting property tax assessments in Tennessee from two years to ten years after the tax year. This change affects property taxpayers who need to request corrections and assessors who must initiate them. The bill amends Tennessee Code § 67-5-509(d) to allow corrections to be requested or initiated by March 1 of the tenth year following the tax year, rather than the second year. The policy applies to assessments for 2016 and all subsequent tax years.