This bill mandates that municipalities must notify property owners of any changes to their property's assessed valuation within 14 days of the change being recorded, unless the adjustment is part of a municipality-wide revaluation. The new legal language added to RSA 75:8 specifies that the notice must include the municipality's contact information, such as the address, hours of operation, and phone number, as well as details on how to access the assessment online if available.

The bill is expected to have a fiscal impact on local expenditures, with an indeterminable increase estimated to be less than $10,000 per municipality due to costs associated with staff time, printing, and mailing the notices. The New Hampshire Municipal Association has indicated that larger municipalities may face higher costs. The act will take effect 60 days after its passage.

Statutes affected:
Introduced: 75:8
HB1581 text: 75:8