This bill mandates that municipalities provide public notice at least 45 days prior to conducting any annual or five-year revaluation of property for tax purposes. Specifically, it amends RSA 75:8-b to require municipalities with populations over 10,000 to notify property owners of changes to assessed valuations through various means, including individual notices, public announcements in local newspapers, postings on the municipality's website and social media, and notices in designated public locations. The previous requirement for notification "either" has been removed, and the new language emphasizes the necessity of multiple notification methods.

Additionally, the bill introduces a new section, RSA 75:8-c, which outlines similar notification requirements for municipalities conducting reappraisals under RSA 75:8-a. The effective date for this act is set for July 1, 2026. The fiscal impact is expected to result in indeterminable increases in local expenditures due to the costs associated with the required notifications, which may vary by municipality.

Statutes affected:
Introduced: 75:8-b
As Amended by the Senate: 75:8-b