HB 2607 Tennessee House · 114th Regular Session (2025-2026)

Taxes, Real Property - As introduced, limits the setting of the tax rate on property by a county, municipality, metropolitan government, or other taxing entity in any fiscal year at a rate that would render in total receipts from all levies an amount more than the receipts from that source from the immediately preceding fiscal year for the county, municipality, metropolitan government, or other taxing jurisdiction, plus an additional 2 percent, subject to certain exceptions; establishes a procedure by which the 2 percent increase may be exceeded by passage of a referendum. - Amends TCA Title 67, Chapter 5.

HB 2607 limits annual property tax increases for Tennessee counties, cities, and other local taxing entities. It prevents total property tax revenue from exceeding the previous year's total plus 2%, excluding new construction or properties added to tax rolls. To exceed this 2% limit, local governments must hold a referendum requiring 60% voter approval, specify the funding purpose, and limit increases to four years. The bill applies to all local tax jurisdictions and would take effect July 1, 2026, if passed.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2026 Last action Mar 11, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
8
Key actions
2
Committee
4
Mar 11, 2026
Lower · Passed
Taken off notice for cal in s/c Cities & Counties Subcommittee of State & Local Government Committee
lower
Mar 4, 2026
Lower · Passed
Placed on s/c cal Cities & Counties Subcommittee for 3/11/2026
lower
Feb 5, 2026
Committee
P2C, ref. to State & Local Government Committee
lower
Feb 5, 2026
Committee
Assigned to s/c Cities & Counties Subcommittee
lower
Feb 4, 2026
Introduced
Intro., P1C.
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Bud Hulsey
Bud Hulsey
RRepublican
TN
2