Changes the property tax appeal process for nonresidential properties valued at $1,000,000 or more.
This bill modifies the property tax appeal process for nonresidential properties valued at $1,000,000 or more. It prohibits applicants from appealing to county commissioners and requires them to appeal directly to the State Board of Property Tax Review. If the State Board determines the applicant is over-assessed, it grants a reasonable abatement. The bill also outlines procedures for appeals to the Superior Court if the State Board's decision is not favorable.
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