AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

Summary

The bill revises Section 44‑5‑11.6 to require municipalities to follow a detailed timetable for updating property values and conducting revaluations. It lists specific years for each city and town, adds extensions for certain locales, and bars assessment changes based on sale price except through the mandated updates. This creates a uniform, predictable process for local tax assessments.

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