Bill > HB05393

This bill proposes to limit the ability of tax assessors to increase or decrease the gross property tax assessments of real property following the modification of such assessments. Specifically, it would require that the gross assessment amount be fixed until the next municipal revaluation, except in certain limited circumstances, such as to comply with a court order, reflect new construction or damage, correct a factual error or clerical mistake, equalize assessments, or in accordance with a determination by the board of assessment appeals. The bill aims to provide more stability and predictability in property tax assessments between revaluations.