An Act to Create Clarity in the Laws Regarding Property Tax Abatement Appeals
This bill amends the laws regarding property tax abatement appeals for nonresidential properties valued at $1,000,000 or more. It specifies that applicants cannot appeal to county commissioners for such properties; instead, they must appeal directly to the State Board of Property Tax Review. If the board determines the property is over-assessed, it grants a reasonable abatement. The bill also outlines procedures for reimbursement and collection if the applicant has paid the tax or fails to do so.
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