Tennessee § 67-5-215 - Personal bank accounts and other personal property.
Full text of Tennessee Tennessee Code Annotated § 67-5-215 — Personal bank accounts and other personal property., with citation guidance and answers to common questions.
§ 67-5-215. Personal bank accounts and other personal property.
The entire amount of money deposited in an individual's personal or family checking or savings account and seven thousand five hundred dollars ($7,500) worth of personal household goods and furnishings, wearing apparel and other such tangible personal property in the hands of a taxpayer shall be exempt from taxation. Where such property is owned jointly by a husband and wife, the exemption shall be fifteen thousand dollars ($15,000) and any exemption applying to any minor child of the family living at home and not used by the minor child personally may be applied to the total family household goods and furnishings, wearing apparel, and other such tangible personal property used by the family in common. Acts 1973, ch. 226, § 5; 1977, ch. 133, § 1; 1978, ch. 902, §§ 1-4; T.C.A., § 67-516; Acts 1984, ch. 793, § 1. Textbooks. Tennessee Jurisprudence, 23 Tenn. Juris., Taxation, § 26.1. Attorney General Opinions. Exclusion from ad valorem taxation of personal property of individuals, OAG 00-062 (4/3/00).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 67-5-215
What does Tennessee Code Annotated § 67-5-215 cover?
Section 67-5-215 ("Personal bank accounts and other personal property.") 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 § 67-5-215?
A common citation format is "Tennessee Code Annotated § 67-5-215" (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 § 67-5-215 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.