SB2929

SB2929 amends the Property Tax Code to mandate certified mail notice for omitted property assessments and outlines procedures for reassessment.

SB2929 amends the Property Tax Code to require the county assessor to send notice of omitted property assessments via certified mail to both the property address and the owner's current address. This notice must be sent simultaneously with the estimated first installment property tax bill. The omitted assessment tax bill is not due until the second installment property tax bill becomes due. If the property was last assessed as unimproved, the owner gave notice of subsequent improvements, and reassessment was not made within 16 months, the assessment becomes delinquent and accrues interest.