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.

SB 949 extends the deadline for correcting property tax assessments in Tennessee from two years to ten years after the tax year. It affects property owners who may need to request corrections for overpayments or underpayments, and tax assessors who initiate corrections. The bill changes a specific law (TCA §67-5-509(d)) to allow corrections to be requested by taxpayers or initiated by assessors by March 1 of the tenth year following the tax year, instead of the second year. This applies to property tax assessments for 2016 and all subsequent tax years.