Permits exterior-based property reassessments within eight years of last municipal-wide revaluation.

This bill extends the period for municipalities to conduct exterior-based property reassessments from four to eight years after the last full municipal-wide revaluation. It directly affects local governments and property tax assessors by allowing them to skip costly interior inspections during reassessments if the municipality completed interior inspections within the prior eight years. The key provision changes the rule so that the Director of Taxation cannot deny an exterior-only reassessment application based on the absence of recent interior inspections, provided those inspections occurred within the eight-year window. This reduces administrative costs for municipalities while maintaining assessment standards.