Tenn. Comp. R. & Regs. 0600-11-.14
Current through December 10, 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.
Tenn. Comp. R. & Regs. 0600-11-.14
Authority: T.C.A. §§ 67-1-305, 67-5-502(d) and 67-5-504(a).