Taxes, Real Property - As enacted, authorizes, until June 30, 2041, a county or municipality that levies a property tax to pay a property tax refund owed to a taxpayer through annual installments applied as credits against the taxpayer's future property taxes if certain criteria are met. - Amends TCA Title 67.

SB 198 allows Tennessee's property assessment division to submit its annual report to the State Board of Equalization electronically instead of in paper format. The bill amends Tennessee Code Annotated Title 67, specifically Section 67-1-202(a)(7), to permit this electronic submission method. This change directly affects the property assessment division (which prepares the report) and the State Board of Equalization (which receives it). The law makes no other policy changes - only updates the required report delivery method.