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Aged, Blind and Disabled Manual Policy Manual Number: 110.050 Section: Financial Eligibility Requirements Chapter: ABD Countable and Excluded Resources

September 1, 2026 Division of TennCare 42 b. Assessed Value

Determine and verify the assessed value by reviewing a recent tax assessment notice, contact with the county assessor’s office, or written documentation of assessed/real value from the agency responsible for property assessment in another state, if appropriate.

The individual has the right to rebut the assessed value. She must provide a written appraisal from a knowledgeable and disinterested source, such as a licensed real estate agent, or an appraiser for the Veterans Affairs (VA) or Federal Housing Administration (FHA) that substantiates the claim. If the property value is redetermined in this way, the individual must have the opportunity to present a current alternated valuation at every reapplication or redetermination.

c. Equity Value

To determine the individual’s equity value in real property, subtract the following from the Total Market Appraisal:

• The unpaid mortgage principal, excluding interest; • The value of any legal lien or claim filed against the property; and • The amount of any unpaid taxes, excluding current taxes.

The remainder is the equity value and is a countable resource.

d. Greenbelt Property

Tennessee’s Agricultural, Forest and Open Space Land Act of 1976, commonly known as the greenbelt law, allows qualifying agricultural, forest, and open space property to be taxed based on the property’s use rather than fair market value. Greenbelt assessment values are not used to Establish Value for Real Property described in this policy. For Medicaid eligibility purposes, a greenbelt property will be valued based on the Equity Value.