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

This bill requires New Jersey property assessors to include clear language in annual assessment notices explaining how a property's assessed value directly affects the owner's tax bill. Specifically, notices must state: "This assessment will be used to calculate your property tax bill" and include appeal instructions with deadlines in bold. It applies to all property owners receiving these notices statewide, replacing the current notices that only listed assessment amounts without linking them to tax calculations. The key change is mandating this transparency to help taxpayers understand the connection between their property's value and their tax obligation, without altering assessment methods or tax rates.