HB20-1342: Property Tax Valuation Appeals

• Establishes expedited hearing officer process before the board of assessment appeals for taxpayers with property valuation increases less than 10% from prior year, with requests due within 30-60 days of appeal filing depending on property type.

• Hearing officers must conduct hearings within 60 days of request and issue written decisions within 30 days; decisions can be summary or full decisions and are appealable to court if board takes no action within 30 days.

• Creates 7-member property tax valuation protest deadline task force (consisting of property tax administrator and 6 governor-appointed members) to study and recommend extending taxpayer protest deadlines and adjusting related administrative deadlines by January 1, 2022; task force repeals July 1, 2022.

• Requires assessors to include tax estimates in valuation notices (rather than optional) and permits including a range of estimated taxes; establishes dedicated cash fund from filing fees to support board of assessment appeals operations.

• Mandates assessors correct systematic valuation errors identified during protests for all similarly situated properties, not just the protesting taxpayer's property.