CS for CS for SB 1256 - Administration of Property Taxes

• Revises definitions of "assessed value of property" and "complete submission of the rolls" to clarify valuation standards and required electronic submission formats for assessment rolls.

• Grants taxpayers the right to have value adjustment board hearings rescheduled if the hearing does not commence within 2 hours of the scheduled time, and limits petitioner wait time to a reasonable period not exceeding 2 hours.

• Authorizes applicants for disabled veteran and disabled person exemptions to apply before receiving required federal documentation, with excess taxes refunded retroactively to the original application date (limited to 4-year period).

• Allows servicemembers deployed in designated military operations (including Operation Noble Eagle, Enduring Freedom, Iraqi Freedom, New Dawn, and Odyssey Dawn) to receive an additional homestead exemption.

• Repeals the Property Tax Administration Task Force and eliminates requirements for tax collectors to report deferred tax liability; modifies Department of Revenue notification procedures for value adjustment board decisions to occur upon request rather than automatically.