Fairness and Accuracy in Real Property Tax Assessments Amendment Act of 2025

From the Legislature

As introduced, Bill 26-484 would eliminate the rule that prohibits the Real Property Tax Appeals Commission (“RPTAC”) from adjusting a property’s estimated market value if the Office of Tax and Revenue’s (“OTR’s”) assessment was within 5%. It would also require all RPTAC appeals decisions from the previous years be decided within 30 days and would extend the deadline by which such decisions need to be decided. Additionally, it would allow a letter of authorization to remain in effect for up to 3 years and throughout multiple levels of appeals, standardize appeals filing deadlines to business days instead of standard days, and allow property owners to opt in to electronic delivery of OTR appeals decisions.