Property Tax Assessments - 5-Year Assessment Cycle

Summary

The bill changes how often real‑estate values are reviewed for property tax purposes, moving from a three‑year to a five‑year cycle. It gives owners the right to contest increases, request re‑inspections, and file petitions for review at any point during the new cycle. The Department of Assessments must still review each property at least once per cycle and publish clear rules about when a re‑valuation is required.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share