(a)(1) Except for responsibility for debt newly contracted after the territory was annexed and prior to the surrender of jurisdiction, all municipal jurisdiction ceases over the territory excluded from the municipality's corporate limits on: (A) The effective date of the ordinance if the contraction is done by ordinance;(B) The date of the certification of the results of the election if the contraction is done by election; or(C) The operative date of a contraction accomplished through a petition by an owner of property used primarily for agricultural purposes pursuant to § 6-51-201(c).(2) The municipality may continue to levy and collect taxes on property in the excluded territory to pay the excluded territory's proportion of debt newly contracted after the territory was annexed and prior to the exclusion.(b) The chief executive officer of the municipality shall notify the county assessor of property as to contractions in the territorial limits of the municipality and shall provide the county assessor of property with a complete description of all property affected by the contractions.Amended by 2023 Tenn. Acts, ch. 398, s 2, eff. 7/1/2023.Acts 1875, ch.

ality and shall provide the county assessor of property with a complete description of all property affected by the contractions.Amended by 2023 Tenn. Acts, ch. 398, s 2, eff. 7/1/2023.Acts 1875, ch. 92, § 15; Shan., § 1914; Code 1932, § 3325; T.C.A. (orig. ed.), § 6-307; Acts 1986, ch. 700, § 2; 2008 , ch. 971, § 1.