HB3719 Summary

• Requires township assessors, multi-township assessors, and chief county assessment officers to make property assessment records available for immediate public inspection through Internet access where records are currently in electronic format.

• Mandates conversion of all non-electronic assessment records into electronic format as soon as feasible and requires making those records available for public inspection, preferably through Internet access.

• Specifies that property assessment records must disclose valuation elements including capitalization rates, rental income data, expense-to-income ratios, depreciation, reproduction costs, and comparable sales factors to explain how fair cash value was determined.

• Allows taxpayers and their representatives to request assessment records in specified electronic formats without being charged for search, review, or personnel costs (except commercial requests unrelated to the taxpayer's own assessment).

• Eliminates the provision allowing courts to consider valuation objections without regard to the correctness of assessment practices or the intent of assessing officials.