Bill > S4090

Introduced Session

This bill requires a municipality to notify affected property owners before implementing a compliance plan to reassess the valuation of certain properties within the municipality. Under current law, a municipal tax assessor may revise the valuation of certain properties outside of the context of a municipal-wide revaluation or reassessment. This practice is known as "assessment maintenance" and is conducted through the approval of a compliance plan. However, before a compliance plan may be implemented, current law requires the tax assessor to submit: (1) written notice justifying the reassessment to the mayor and governing body of the municipality, the county board of taxation, and the county tax administrator; and (2) a copy of the compliance plan to the county board of taxation for approval. This bill provides that the tax assessor would also be required to submit written notice to the owner of each property that would be reassessed under the compliance plan. Specifically, this notice would be required to inform the taxpayer of: (1) the manner in which the reassessment will be implemented; (2) the potential impact of the reassessment on the valuation of the taxpayer's property; and (3) the right of the taxpayer to file a property tax assessment appeal. Under the bill, the notice would be provided after the county board of taxation has approved the compliance plan, and the notice may be submitted by personal service, registered mail, or certified mail.

AI Summary

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Shirley Turner (D)*, 

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 11/12/2021)

Official Document