Tennessee § 67-5-206 - Housing authorities.
Full text of Tennessee Tennessee Code Annotated § 67-5-206 — Housing authorities., with citation guidance and answers to common questions.
§ 67-5-206. Housing authorities.
The property of housing authorities shall be exempt from all taxes and special assessments of the state or any county, city, town, metropolitan government or political subdivision thereof; provided, that, in lieu of such taxes or special assessments, a housing authority shall agree to make payments to any county, city, town, metropolitan government or political subdivision of the state for services, improvements or facilities furnished by such county, city, town, metropolitan government or political subdivision for the benefit of a housing project owned by the housing authority, but in no event shall such payments exceed the estimated cost to such county, city, town, metropolitan government or political subdivision of the services, improvements or facilities to be so furnished. The bonds or notes of a housing authority are declared to be issued for an essential public and government purpose and, together with interest thereon and income therefrom, shall be exempt from all taxes. Acts 1973, ch. 226, § 5; T.C.A., §§ 67-507, 67-508. Textbooks. Tennessee Jurisprudence, 23 Tenn. Juris., Taxation, § 26.1. Law Reviews. Taxation — Exemption of Housing Authority, 15 Tenn. L. Rev. 829 (1939). Attorney General Opinions. Housing authorities and payments in lieu of tax, OAG 96-097 (7/29/96). A clerk and master who has conducted a delinquent property tax sale may not insist as a condition precedent to issuing a deed that the purchaser pay prior years’ taxes that were not included in the minimum bid for the property, OAG 05-156 (10/13/05).
Frequently Asked Questions About Tennessee § 67-5-206
What does Tennessee Code Annotated § 67-5-206 cover?
Section 67-5-206 ("Housing authorities.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 67-5-206?
A common citation format is "Tennessee Code Annotated § 67-5-206" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 67-5-206 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.