HB449 Summary

• Requires county assessing officials to mail revised property valuation notices to taxpayers no later than May 1 each year.

• Establishes a 30-calendar-day extension for taxpayers to pay taxes without penalty or file circuit court appeals when the Board of Equalization has not issued its final decision by November 30.

• Requires the board secretary to immediately send notice by mail to each taxpayer of the Board of Equalization's decision regarding property value objections.

• Makes technical and nonsubstantive revisions to update existing tax code language to current style and clarify procedures for the county board of equalization and Department of Revenue.

• Becomes effective October 1, 2021, and authorizes the Department of Revenue to adopt rules for implementation and administration.