Property subject to tax generally

All property, real and personal, shall be assessed for taxation for state, county and municipal purposes, except such as is declared exempt in part 2 of this chapter, or unless otherwise provided. Acts 1973, ch. 226, § 5; T.C.A., § 67-401. All property, real and personal, shall be assessed for taxation for state, county and municipal purposes, except such as is declared exempt in part 2 of this chapter, or unless otherwise provided. Acts 1973, ch. 226, § 5; T.C.A., § 67-401.