Permits a county to terminate its participation in the "Real Property Assessment Demonstration Program.

The bill allows a county participating in the "Real Property Assessment Demonstration Program" to terminate its participation at any time before the issuance of a required report to the Governor and the Legislature. The termination would take effect for the tax year immediately following the adoption of the resolution. The bill also mandates that a municipality undergoing a revaluation cannot be included in the demonstration program for the year in which the revaluation takes effect.

Permits a county to terminate its participation in the "Real Property Assessment Demonstration Program.

The bill allows a county participating in the "Real Property Assessment Demonstration Program" to terminate its participation at any time before the issuance of a required report to the Governor and the Legislature. The termination would take effect for the tax year immediately following the adoption of the resolution. The bill also mandates that a municipality undergoing a revaluation cannot be included in the demonstration program for the year in which the revaluation takes effect.