Requires every assessing unit to conduct a revaluation of assessment at least every eight years

Bill A 3811 requires every local government unit responsible for property assessments to conduct a revaluation of all properties within its jurisdiction at least once every eight years. This aims to ensure that property assessments, which are used to determine property taxes, are regularly updated. The bill is scheduled to take effect on January 1, 2030, and will apply to final assessment rolls filed on or after that date.