Tennessee Realtors has joined a coalition of nonprofits supporting a campaign to pass an amendment to the constitution that will prevent the state from enacting a property tax.
The Chattanoogan reports the realtors group is teaming with the Tennessee Chamber of Commerce and Tennessee Farm Bureau to promote “Yes on 2,” with Gov. Bill Lee serving as statewide chairman for the effort. Tennessee does not currently have a state property tax, which are enacted by local governments.
Tennessee’s constitution gives the state government the right to collect a property tax. But while there has not been a state property tax collection since 1946, a proposed constitutional amendment on November’s ballot would ensure that authority is disabled for good.
“The Tennessee Realtors are looking forward to talking with voters about the importance of banning a statewide property tax,” said Chris Garrett, president of Tennessee Realtors. “Excessive property taxes could make the difference between a Tennessean being able to afford a home or being priced out of the market entirely, and we will always fight to ensure the dream of homeownership is in reach for Tennesseans.”
