Any property held under this chapter with retention of the deed by the local governmental unit is deemed to be the property of the local governing unit held for public purposes and is exempt from property taxation.
Tenn. Code Ann. § 7-66-110
Exemption from taxation
Known as the Tennessee Homestead Act
The act spans §§ 7–7 (11 sections).
Acts 1985, ch. 281, § 10.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.