Tennessee votes to permanently delete property taxes

Tennessee’s strong economy reflects these decisions. We consistently rank among the top states for long-term fiscal stability, and our state debt per capita remains one of the lowest in the nation. Tennessee Republican lawmakers have cut more than $5.1 billion in taxes since 2011. Most recently, we passed the Tennessee Works Tax Act of 2023 and the Franchise and Excise Tax Act of 2024, both of which I was proud to support because these initiatives represent real savings for citizens and a more competitive environment for businesses.

Although Tennessee no longer collects a statewide property tax, current law still permits it. The proposed amendment would close that door permanently by making it unconstitutional for the state to impose a property tax in the future.

Some may wonder why we need this amendment if there is no current effort to reintroduce a property tax. The answer is simple: Laws can change with a single vote. This amendment offers lasting protection.

From 2013 to 2023, home prices in Tennessee rose far more quickly than household incomes, as reported by the Sycamore Institute. In 2023, the median household income was $68,000, while the median home value reached $307,000 and the median sale price was $340,000. 

Affordable housing has become a growing challenge across the state. Preventing the state from ever imposing a property tax won’t solve the problem, but it will help reduce the financial burden on homeowners.

The amendment does not affect local property taxes. Cities and counties will continue to set and manage their own rates. Local governments are closest to the people and best equipped to meet their needs.

Tennesseans work hard to protect the freedoms and values that make our state a great place in which to live, work and pursue the American dream.

As an elected representative and proud Tennessean, I believe safeguarding property rights is key to continuing that tradition. That is why I sponsored a resolution giving Tennesseans the power to prohibit the state from levying or authorizing a property tax.

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