HB5075 Summary

• Creates new website posting requirements for county and township assessors to publish revised or corrected property assessments within 2 weeks, including detailed explanations of changes resulting from board of review decisions, Property Tax Appeal Board decisions, court orders, or certificates of error.

• Requires assessors to post quality metrics on their websites including the total number of board of review decisions and assessment appeals from the previous 5 years, and total assessments performed in the previous 2 years.

• Extends the complaint filing deadline to one year after a comparable property's assessment is revised or corrected, allowing taxpayers to challenge their own assessments based on changes to comparable properties used in their valuations.

• Extends the complaint filing deadline to one year after a taxpayer discovers (or should reasonably discover) errors in comparable property information posted on the assessor's website.

• Designates the chief county assessment officer as responsible for accuracy of all information posted on county assessment websites and requires oversight of township assessor compliance.