The term “Greenbelt” refers to Tennessee’s Agricultural, Forest, and Open
Space Land Act of 1976, (commonly referred to as the “Greenbelt Law” or
“Greenbelt Program”). This law provides for the assessment of agriculture,
forest, and open space lands for tax purposes based on present use value rather
than current market value for similar properties.
The present use value is determined by the Comptroller’s Division of Property
Assessments using a statutory formula that blends farm income and market
The Greenbelt Program was designed to: