Rules & Regulations of the State of Tennessee
Title 0600 - Board of Equalization
Chapter 0600-11 - Appraisal of Parcels with Mineral Reserves
Section 0600-11-.14 - MAINTENANCE
Universal Citation: TN Comp Rules and Regs 0600-11-.14
Current through April 3, 2024
Unlike other types of real property, mineral properties are subject to depletion, which may cause the value of a parcel to diminish each year as reserves are extracted. Conversely, it is also possible for the mineral value of a parcel to increase due to market conditions, technological advances, and the discovery of additional reserves. Such factors necessitate the annual review of mineral assessments by Assessors.
Authority: T.C.A. §§ 67-1-305, 67-5-502(d) and 67-5-504(a).
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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