Tennessee's homestead exemptions : adjusting them to reflect the cost of living

Abstract: This report discusses Tennessee's homestead exemption, the lowest among the states that do not allow the use of the federal homestead exemption, and describes ways that the homestead exemption for individual and joint owners could be brought up to date. Please note that the options presented in the report approved by the Commission have been studied primarily in the context of bankruptcy and the Commission makes no recommendation outside of that context.