Tennessee § 7-32-116 - Limitation on aggregate amount of assessment.
Full text of Tennessee Tennessee Code Annotated § 7-32-116 — Limitation on aggregate amount of assessment., with citation guidance and answers to common questions.
§ 7-32-116. Limitation on aggregate amount of assessment.
The aggregate amount of the levy or assessment made against any lot or parcel of land shall not exceed one half (½) of the cash value of the lot and improvements on the lot. By cash value, it is the intent of this section to mean the fair sale price of the lot and improvements on the lot if sold at a voluntary sale. The city or town shall pay any part of the levy or assessment against any such lot or parcel of land as may be in excess of one half (½) of the cash value of the lot or parcel of land. Acts 1913 (1st Ex. Sess.), ch. 18, § 4; Shan., § 1991a14; Code 1932, § 3421; Acts 1951, ch. 94, § 1; T.C.A. (orig. ed.), § 6-1116. Textbooks. Tennessee Jurisprudence, 22 Tenn. Juris., Special Assessments, § 8.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 7-32-116
What does Tennessee Code Annotated § 7-32-116 cover?
Section 7-32-116 ("Limitation on aggregate amount of assessment.") 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 § 7-32-116?
A common citation format is "Tennessee Code Annotated § 7-32-116" (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 § 7-32-116 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.