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Current as of January 02, 2024 | Updated by Findlaw Staff
(a)(1) The county mayor, with the assistance of the assessor of property, shall cause to be prepared and maintained, a listing of all parcels owned by the county acquired pursuant to § 67-5-2501.
(2) The chief executive officer of a municipality shall cause to be prepared and maintained, a listing of all parcels owned by the municipality acquired pursuant to § 67-5-2501; provided, however, that the listing may omit any property that is required to be listed by a county in accordance with subdivision (a)(1).
(3) Listings pursuant to this subsection (a) must be prepared annually by July 1. The listings must be published in a newspaper of general circulation in the county or posted on a website with a notice of the posting published in a newspaper of general circulation in the county.
(b) At least annually the county mayor shall determine if any additional parcels have been purchased by the county pursuant to § 67-5-2501. If so, the county mayor shall publish the updated list in the same manner as the original list pursuant to subdivision (a)(3).
(c) Each list or notice published in accordance with this section must contain a solicitation for offers to purchase the parcels listed and a statement as to how and where such offers may be filed.
(d) However, parcels acquired by the county which are identified by the county mayor, or the mayor's designee as being in an area or zoning classification that would make the accumulation of larger areas advantageous to the reuse and redevelopment of the parcels may be excluded from the list of parcels required by this section, until a sufficient number of parcels or area has been acquired to improve the marketability and redevelopment profile of the parcels. This accumulation must not result in property being held without being marketed for more than five (5) years. A separate list of such designated parcels must be maintained by the mayor or the mayor's designee.
Cite this article: FindLaw.com - Tennessee Code Title 67. Taxes and Licenses § 67-5-2511 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-67-taxes-and-licenses/tn-code-sect-67-5-2511/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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