Property tax streamline.

Abolishes the offices of county assessor and township assessor, effective July 1, 2025. Transfers the duties of the assessor to the county auditor. Requires the department of local government finance (DLGF) to develop an automated valuation model system (AVM system) to be used by the DLGF to conduct the assessment of all tangible property statewide, except for agricultural land. Requires the DLGF to conduct all assessments for tangible property, excluding agricultural land, using the AVM system beginning with the first assessment date that an AVM system is operational for use, but not later than 2036. Eliminates the payment of property taxes in arrears beginning with the first assessment date for which the AVM system is applied. Requires the DLGF to present a plan of implementation for an AVM system to the interim study committee on fiscal policy before November 1, 2025, and present an update on the AVM system before November 1 in subsequent years until the AVM system is operational for use. Except for agricultural land, provides that tangible property shall not be subject to assessment beginning with assessments in 2026 through the first assessment date for which the AVM system is applied. Freezes the assessed value of all taxable property, except agricultural land, during this time period at the assessed value determined for the property for the 2025 assessment date. Caps the property tax liability for all taxable property for taxes first due and payable in 2027 through the first date that taxes are first due and payable based on assessments under the AVM system to not more than: (1) for taxes first due and payable in 2027, the property tax liability imposed on the taxpayer's property for taxes first due and payable in 2021; and (2) for taxes first due and payable in 2028 and thereafter, the property tax liability for the calendar year not to exceed a 3% increase from the taxpayer's property tax liability from the previous year. Requires the legislative services agency to prepare legislation for introduction in the 2026 regular session of the general assembly to make appropriate required changes in statutes. Makes corresponding changes.