The limitation on value of the principal place of residence shall be under fifty thousand dollars ($50,000) and shall be determined by the appraised fair market value as it appears on the records of the county assessor and not the reduced assessment.
Limitation on value of principal residence. [For contingent repeal of this section, see the Compiler's Notes.]
Tenn. Code Ann. § 7-64-206, under Chapter 659 Deferral.
Tenn. Code Ann. § 7-64-206