Revises property tax assessment calendar.

This bill revises the current dates for the administration of the assessment of real property in order to create a more accurate process for that essential assessment function throughout the entire State. The provisions of the bill specifically address the systemic costs which result from the losses due to successful assessment appeals by property owners, which reduce the property tax base, and which require municipalities to refund large amounts of property taxes collected from those property owners.

Revises property tax assessment calendar.

This bill revises the current dates for the administration of the assessment of real property in order to create a more accurate process for that essential assessment function throughout the entire State. The provisions of the bill specifically address the systemic costs which result from the losses due to successful assessment appeals by property owners, which reduce the property tax base, and which require municipalities to refund large amounts of property taxes collected from those property owners.