A682

Permits short-term tax exemption for certain improvements to dwellings damaged by natural disasters.

This bill amends the "Five-Year Exemption and Abatement Law" to allow a municipality to declare an area in need of rehabilitation if dwellings were damaged by a natural disaster for which a state of emergency has been declared. The declaration can be made if the pretax year, shall notify by mail each taxpayer of the preliminary assessment and preceding year's taxes. The assessor or county board of taxation shall notify each taxpayer by mail within 30 days of any change to the assessment.