Authorizes tax abatement for one, two, or three family houses in cases of catastrophic loss.

The bill amends the real property tax law to allow for the abatement of taxes for one, two, or three family houses that have suffered catastrophic loss. A catastrophic loss is defined as total destruction or extensive damage rendering the dwelling unfit for habitation within 180 days. The property owner must file a claim within six months of the final assessment roll. The claim is reviewed by the board of assessment review or assessment review commission, with decisions communicated to the assessor and claimant within five days.

Authorizes tax abatement for one, two, or three family houses in cases of catastrophic loss.

The bill amends the real property tax law to allow for the abatement of taxes for one, two, or three family houses that have suffered catastrophic loss. A catastrophic loss is defined as total destruction or extensive damage rendering the dwelling unfit for habitation within 180 days. The property owner must file a claim within six months of the final assessment roll. The claim is reviewed by the board of assessment review or assessment review commission, with decisions communicated to the assessor and claimant within five days.