This bill mandates that municipalities with a population over 10,000 must provide public notice at least 45 days prior to conducting any annual or 5-year revaluation of property for tax purposes. The notice must be communicated through various channels, including individual notifications to property owners, public announcements in local newspapers, postings on the municipality's main website and social media accounts, and in two designated locations where the municipality regularly posts governing body meeting notices. The bill amends existing law by inserting this 45-day notice requirement and specifying the methods of notification, while deleting the previous requirement for notification "either" prior to the issuance of the final tax bill.

Additionally, the bill introduces a new section that outlines the notification process for five-year property valuations, ensuring consistency with the annual appraisal notification requirements. The effective date for this act is set for July 1, 2026. The New Hampshire Municipal Association anticipates that the implementation of this bill will lead to indeterminable but significant increases in local expenditures due to the costs associated with staff time, printing, and mailing of individual notices.

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