Guidelines, Opinions, Advisories and FAQs

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) provides combined guidelines for annual determination of property assessments for certification and interim years, classification of property according to usage class, calculation of the minimum residential factor and allocation of the tax levy among the property classes for Fiscal Year 2025.

This Informational Guideline Release (IGR) describes procedures and forms for reporting tax base growth and adjusting levy limits for FY2025.

This Informational Guideline Release provides municipal officials with updated information on reimbursements for Chapter 59, Section 5 property tax exemptions and Chapter 60A motor vehicle excise exemptions.

This IGR explains the reporting procedures communities with smart growth zoning districts must follow in order to receive an annual state reimbursement, which covers additional school costs resulting from an increased number of public school students living in developments within the zoning districts.

This Informational Guideline Release (IGR) informs local officials of the administrative foreclosure process following the receipt of a Commissioner of Revenue’s affidavit pursuant to a Land of Low Value tax title foreclosure application and how communities may accept title from the owners of properties on which there are municipal liens as an alternative to tax taking and foreclosure proceedings.

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.

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) 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 FY2025 deductions from gross receipts for Clause 41s senior personal exemption increased by 3.2% over FY2024.