HB 2516 - Property Tax Assessment Changes

• Changes property valuation dates so assessor-valued property is assessed as of January 1 of the tax year (instead of the preceding year), while department-valued property remains assessed as of January 1 of the preceding year.

• Shifts multiple assessment-related deadlines earlier in the calendar year, including notice of valuation deadlines (moved from March to February), petition filing deadlines (reduced from 60 to 45 days), and assessment roll completion dates (moved from December to August).

• Modifies equalization order procedures with new deadlines for department review (September 15), assessor compliance (December 31), and state board decisions (November 30 instead of January 15).

• Repeals sections 42-15105 and 42-16205, eliminating certain notice and appeal provisions related to property valuations.

• Effective in two phases: sections 1-12 effective December 31, 2018, and sections 13-36 effective December 31, 2019.