Residential property assessment.

Eliminates elections for the office of county assessor and township assessor after 2026 and phases out the offices of county assessor and township assessor as the terms of those elected to the offices expire. Transfers the duties of the assessor to the county auditor at the expiration of each assessor's term. Requires the department of local government finance (DLGF) to develop an automated valuation model system (AVM system) to be used by the DLGF to annually run all qualifying residential property through the AVM system and provide the values determined to the county auditor. Requires county auditors to use the values to determine the fair market value of qualified residential property. Defines "qualified residential property". Specifies the elements and functionality that must be included in the AVM system. Requires the DLGF to start running all qualifying residential property through an AVM system beginning with the first assessment date that an AVM system is operational for use, but not later than the 2031 assessment date. Eliminates qualified residential property from cyclical reassessments and annual adjustments (or "trending") and ratio studies. Allows taxpayers to elect to receive notices of assessment (Form 11) by electronic mail. Makes corresponding changes.