Bill > H0499

This bill revises procedures related to ad valorem taxation, or property taxes, by updating rules for correcting erroneous or incomplete personal property tax returns, requiring property appraisers to notify taxpayers before recording a tax lien, and clarifying which entities can determine tax liabilities or refunds. It also modifies who can represent a taxpayer before the value adjustment board, which is a quasi-judicial body that hears property tax disputes, and adjusts timelines for the certification of assessment rolls. Additionally, the bill clarifies rules regarding the representation of taxpayers, the process for rescheduling hearings, and the types of appeals that special magistrates can hear, including those related to changes in property ownership or qualifying improvements. It also updates the interest rate calculation for overpaid or underpaid taxes to align with the bank prime loan rate and makes changes to how school districts calculate their required local effort millage. Finally, it repeals certain administrative rules and sets an effective date for the act.