This Informational Guideline Release (IGR) prescribes the minimum standards of assessment performance that proposed property valuations must meet annually and explains the policies that apply to the Commissioner of Revenue's review of proposed valuations for certification of local assessments at full and fair cash value every five years. Supersedes IGR 2019-08 and Inconsistent Prior Written Statements.
This Informational Guideline Release (IGR) informs local officials about changes made by § 8 of chapter 77 of the Acts of 2023 that distinguished general purpose stabilization funds and special purpose stabilization funds and amended the vote quantum requirement for appropriations from special purpose stabilization funds to a simple majority. It also discusses stabilization fund operations generally.
This Informational Guideline Release (IGR) explains the semi-annual tax billing and payment system with optional preliminary bills issued in the fall and establishes tax bill requirements under that system.
This Informational Guideline Release (IGR) explains the semi-annual tax billing and payment system with annual preliminary bills being issued by July 1 and establishes tax bill requirements under that system.
This Informational Guideline Release (IGR) explains the regular semi-annual payment system and schedule and establishes tax bill requirements under that system.
This Informational Guideline Release (IGR) explains the procedures for the quarterly tax billing and payment system and establishes tax bill requirements under that system.
This Informational Guideline Release (IGR) announces that FY2025 deductions from gross receipts for Clause 41s senior personal exemption increased by 3.2% over FY2024.
This Informational Guideline Release (IGR) announces that for FY2025, 3.4% is the (1) maximum local option cost-of-living-adjustment (COLA) increase in Cl. 17 (surviving spouse/minor & elderly) exemption amount; (2) optional COLA applied to increased asset limit of Cl. 17s exemptions; (3) optional COLA applied to increase income & asset limits of Cl. 41s senior exemptions
This Informational Guideline Release (IGR) announces that for calendar year 2024, there is a 3.4% increase in maximum valuation for parcels qualifying for land of low value foreclosure procedure to a new maximum of $27,315.
This Informational Guideline Release (IGR) informs local officials about a new local option affordable housing property tax exemption. It also explains local standards and procedures that may be adopted relative to the exemption.
