This bill mandates that municipalities provide a public notice at least 45 days prior to conducting any annual or 5-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 bill also introduces a new section, RSA 75:8-c, which outlines similar notification requirements for municipalities conducting reappraisals under RSA 75:8-a.

The bill aims to enhance transparency in the property appraisal process, ensuring that property owners are adequately informed of any changes that may affect their tax liabilities. The estimated fiscal impact includes indeterminable increases in local expenditures due to the costs associated with providing these notifications, such as staff time, printing, and mailing. The effective date for this legislation is set for July 1, 2026.

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