Property Tax Code

The act governs the ad valorem taxation of property by taxing units, establishing the definitions, deadlines, and procedural rules that run throughout the property tax system — how notices and refunds are delivered, when an action sent by mail or carrier counts as timely, how deadlines shift for weekends, holidays, and office closures, how communications may be sent electronically or directed to a fiduciary, and how an owner may be represented in tax matters. It then sets the boundaries of taxability, separating real and tangible personal property from intangible property, and creates a broad schedule of exemptions covering publicly owned property, residence homesteads (with enhanced relief for disabled veterans and for surviving spouses of veterans, service members, and first responders), certain non-income-producing or low-value personal property, agricultural goods and implements, cemeteries, and charitable organizations. It also addresses appraisal administration, including how the general level of appraisal is measured and restrictions on who may serve as an appraiser for a taxing unit.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.