Bill > H2595

This bill aims to improve the administration of real estate tax assessments by clarifying procedures for correcting underassessed taxes and limiting challenges to assessments. Specifically, it states that once the commissioner of revenue certifies that property values are assessed at their full and fair cash value, cities and towns cannot be prevented from collecting taxes. The bill also introduces a new section allowing tax assessors to correct underassessments, including those due to arithmetic or clerical errors, or even fraudulent filings, with specific time limits and notice requirements for taxpayers, except in cases of obvious errors or fraud where immediate assessment is permitted. Furthermore, it modifies the process for abatement applications, deeming a request for information delivered on the same day an abatement application is filed and barring appeals if the taxpayer doesn't comply within 30 days, unless there were extenuating circumstances. Finally, it changes the reporting requirement for omitted assessments, requiring assessors to maintain records for five years for audit purposes instead of annually returning statements to the commissioner.