An act relating to property valuation and reappraisals

This bill establishes a statewide system for reappraising property values to ensure fair and consistent property taxation across Vermont municipalities. It requires the Director of Property Valuation and Review to order reappraisals when a municipality's property valuations fall outside acceptable ranges or when properties have not been reappraised within six years. The legislation allocates funding for assessment education programs and scholarships for municipal assessors, while also directing the Department of Taxes to develop a phased implementation plan for statewide reappraisals beginning in 2027. The bill includes provisions for implicit bias reduction training for assessors and requires the department to study property data to improve valuation accuracy and consistency.