PROP TAX-ESTIMATED ASSESSMENTS

Amends the Property Tax Code. Provides that if, upon making his or her assessment in any year, the assessor determines that land that is assessed without improvement is in the process of being improved and the assessor determines that the improvement will be inhabitable and fit for occupancy on or before December 31 of that year, he or she may estimate the assessed value of the property for that year including a pro-rata increase in the assessed value of the property as a result of the improvements to the property. Provides that a property owner who disputes the estimated assessed value of the property may appeal the assessment. Effective immediately.