SB 1402: Property taxation: imposition and assessment: appeals.

This bill aims to amend the revenue and taxation code by making changes to property taxation laws. It establishes a rebuttable presumption in favor of a taxpayer who has supplied required information to the assessor in an administrative hearing involving the imposition of a tax or assessment on residential real property. The bill also prohibits the charging or collection of fees for applications to reduce an assessment on homes valued less than $2,500,000. The bill reduces the time period for the county board to hear evidence and make a final determination on an application from 2 years to 6 months, and removes the provision that extends the 2-year deadline until December 31, 2021. This change affects local officials and imposes a state-mandated local program. The bill includes findings that the proposed changes address a matter of statewide concern and apply to all counties. However, t…