Tennessee Code Title 67. Taxes and Licenses § 67-5-2209

(1) Court costs and all necessary or desirable expenses of the receivership, including the cost of maintenance, repair and improvement of receivership property;

(2) Taxes due parties to the tax suit in which the receiver is appointed, the same preference being given on such distribution that would be given in the distribution of funds resulting from a tax sale of the receivership property; and

(3) Any residue remaining after the termination of the receivership shall be paid to the owner of the receivership property.