Requires assessors to notify property owners of revaluation details and budget officers to publish revenue-neutral tax rate estimates.

This bill mandates that assessors provide written notice to property owners about the appraised value of their property based on the most recent revaluation and the previous revaluation. It also requires assessors to include the percentage change in value, instructions for appealing the appraisal, and relevant government contact information. Additionally, budget officers must publish an estimate of the revenue-neutral tax rate on their official websites by May 15 each year a revaluation occurs. The act is effective for reappraisals on or after January 1, 2025.

Requires assessors to notify property owners of revaluation details and budget officers to publish revenue-neutral tax rate estimates.

This bill mandates that assessors provide written notice to property owners about the appraised value of their property based on the most recent revaluation and the previous revaluation. It also requires assessors to include the percentage change in value, instructions for appealing the appraisal, and relevant government contact information. Additionally, budget officers must publish an estimate of the revenue-neutral tax rate on their official websites by May 15 each year a revaluation occurs. The act is effective for reappraisals on or after January 1, 2025.