What does Chapter 118 establish regarding municipal property assessments?

Chapter 118 establishes a pilot program that transfers property assessments from individual municipalities to the county level. This approach was implemented to create a more standardized and efficient property assessment process across jurisdictions. By centralizing property assessments at the county level, the intention is to enhance the accuracy and fairness of property tax assessments, streamline the administration of taxes, and potentially reduce costs associated with maintaining separate municipal assessment offices.

The other options do not align with the provisions set forth in Chapter 118. Abolishing all municipal assessors would not serve the purpose of improving assessment accuracy, and a mandatory training program or an incentive program for tax reductions would focus on different objectives altogether that are not the main focus of this chapter.