Residential Building Permit Classification Amendment Act of 2025

This bill creates a streamlined process for property owners to change their tax classification to residential when a building permit is issued for residential use. Owners must apply for the classification change with the Chief Financial Officer, providing documentation, and tax rates apply for the entire tax year if the application is submitted between October 1 and March 31, or only for the second half of the year if submitted between April 1 and September 30. If the property isn't used for residential purposes within three years (or by the date of a certificate of occupancy), the classification reverts, and owners must pay back taxes plus penalties. Property owners can appeal denied applications within 45 days.