Taxes, Ad Valorem - As introduced, removes the condition that a taxpayer or owner must obtain consent of the assessor of property before appealing the valuation of industrial and commercial real and tangible personal property directly to the state board of equalization; makes other related revisions. - Amends TCA Title 67, Chapter 5.

HB 733 would change Tennessee's property tax appeal process for industrial and commercial properties by removing the requirement that owners obtain the assessor's consent before appealing valuation disputes directly to the State Board of Equalization (instead of first going through local boards). The bill also sets a deadline (August 1) for direct appeals and requires local officials to notify taxpayers if they reject disputed tax payments, while preventing interest from accruing on those disputed amounts during the appeal. This directly affects business owners and property taxpayers who disagree with their assessed valuations. The changes aim to streamline the appeals process and reduce delays in resolving tax disputes.