"Property Assessment Appeal Transparency Act"; revises content of required annual notification of real property assessment.

This bill requires New Jersey property tax notices to clearly explain how a property's assessed value directly affects the tax bill. It mandates that annual assessment notices include a specific statement: "This assessment will be used to calculate your property tax bill" and details on filing appeals, with deadlines in bold. The change applies to all property taxpayers receiving annual notices, including those in counties using special assessment programs. The notice must now show current/prior assessments and include appeal instructions for properties valued over $1 million, which can be appealed to the county board or Tax Court.