5-8-103. Exempt or taxable property, privileges. —

The property and privileges that are taxable or exempt from taxation, for county purposes, are the same that are taxable or exempt from taxation for state revenue.

[Code 1858, § 483; Shan., § 645; Code 1932, § 1036; Acts 1979, ch. 23, § 6; T.C.A. (orig. ed.), § 5-803.]