Governor Josh Stein has signed legislation delaying the implementation of recent property revaluations until January 1, 2027.
🔑 Key takeaways:
• 🏠 Property tax bills will continue using prior assessed values through 2026
• 📅 Property owners now have until December 31, 2026 to appeal assessments
• 💰 Property tax bills are expected to be mailed by August 15
• 📉 Eligible taxpayers who pay by August 31 can receive a 1% discount
• 🏢 Counties and local governments may need to adjust budget planning timelines
For commercial property owners, investors, and business operators, the extension provides additional time to review assessments, evaluate tax exposure, and plan for future operating expenses.
📌 Property taxes remain one of the largest occupancy costs for many businesses. Understanding assessment changes—and appeal opportunities—can have a meaningful impact on long-term real estate costs.
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