Concerning procedural requirements for the administration of property tax, and, in connection therewith, requiring the property tax administrator to maintain a list of persons interested in receiving notifications about possible amendments to property tax manuals, requiring public hearings with notice in connection with amendments to property tax manuals, requiring petitions for changes to property tax materials to be in writing, requiring notification about the opportunity to obtain additional information about the valuation of commercial property, requiring notification about the abatement process, allowing for the correction of errors impacting valuation of a class or subclass of property, establishing a process for accelerated consideration of certain appeals, and making an appropriation.
The property tax administrator is required by law, after consultation with the advisory committee to the property tax administrator and subject to the approval of the state board of equalization, to prepare and publish manuals, appraisal procedures, instructions, and guidelines (property tax materials) concerning the administration of property tax. Beginning January 1, 2023, section 1 of the act requires the administrator to conduct a public hearing on a proposed change to the property tax materials before submitting the proposed change to the advisory committee to the property tax administrator. The administrator must publish notice of the hearing and mail notice to those people who so request. At the hearing, interested persons may submit information and the administrator is required to consider any submissions. Any interested person may also file a written petition to the administrator for the issuance, amendment, or repeal of any property tax materials.
Taxpayers who wish to protest their taxable real property’s valuation must notify the assessor of their objection by June 1. Sections 3 and 4 extend the deadline to June 8. An assessor who discovers an error affecting the valuation of a class or subclass of property is also required to recommend to the county board of equalization an adjustment to the class or subclass.
When a taxpayer provides certain relevant information and requests an advancement on or before July 15 of the same calendar year, the state board of assessment appeals is required to advance an appeal concerning the valuation of rent-producing commercial real property. If a taxpayer’s appeal is advanced, the board of assessment appeals may charge the taxpayer a fee.
A county board of equalization’s valuation of property can only be increased on appeal by 5% under Section 6.
For the purpose of implementing the act, $2000 is appropriated from the general fund to the department of local affairs.