AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES

HB 5269 allows cities or towns to waive interest on overdue property tax payments for commercial properties, directly affecting commercial property owners who meet specific criteria. To qualify, owners must have owned the property for five years, paid taxes on time for five years, submit a written request, and have the overdue bill issued within two years. The waiver is capped at $500 per request, and local tax collectors must issue written decisions, with taxpayers able to appeal to the city council if denied. This bill does not change tax amounts but provides limited relief for overdue payments on commercial properties.