0600-11-.14

Maintenance

Last amended: 2017Year: 2026Length: 65 wordsOfficial source

Cite as Tenn. Comp. R. & Regs. 0600-11-.14

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.
0600-11-.14: Maintenance | Justis AI