ID H0164

State Tax Commission must provide notice to county assessor and board of county commissioners by the first Monday of April if it believes a category of property has been improperly assessed, including grounds and supporting documentation for the determination.

State Tax Commission may equalize property assessments by category if it becomes aware that a county assessor changed assessed values after the notice deadline or a county board of equalization improperly categorized property, with notice required by the Monday following the county board of equalization's July adjournment.

State Tax Commission must distribute copies of equalization orders to the county assessor, board of county commissioners, and board of tax appeals within two weeks of issuance.

Board of county commissioners must notify affected property owners within two weeks of receiving an equalization order and provide a new assessment notice consistent with the State Tax Commission order.