Add Tennessee Property Tax Relief for Elderly Homeowners

[daphnehanse11]

Summary

Add Tennessee Property Tax Relief for Elderly Homeowners.

Why add this

• Tennessee has a statewide senior homeowner reimbursement program.
• It appears missing from policyengine-us.
• This looks like one of the strongest southern-state senior property tax additions from the AARP pass.

Modeling notes

• Strong candidate for the backlog.
• Easier than assessment-freeze programs because Tennessee publishes a statewide income limit and a maximum home value on which relief is calculated.
• Still more involved than a flat credit because the reimbursement depends on local tax and assessment mechanics.

Likely inputs

• age
• homeownership / principal residence status
• household income
• assessed_property_value
• real_estate_taxes

Sources

• https://comptroller.tn.gov/office-functions/pa/property-taxes/property-tax-programs/tax-relief.html
• https://comptroller.tn.gov/content/dam/cot/pa/documents/tax-relief/TaxReliefBrochure.pdf
• https://my.aarpfoundation.org/property-taxes/taxpayer-states/tennessee/