The bill amends the General Property Tax Act of 1893 by adding a new section, 42c, which mandates the creation of an online property tax calculator by the Department of Treasury and the Department of Technology, Management, and Budget. This calculator will be available to the public free of charge and will serve as a tool for individual and business taxpayers to estimate their current property taxes. It will also allow users to compare their property taxes and millage rates with those of other local units across Michigan.

The online property tax calculator is defined to include a millage rate database and property tax estimator that retains all functionalities of the previous online tools provided by the Department of Treasury. Additionally, it will feature the capability to estimate property taxes based on the specific street address of the property. The bill stipulates that it will take effect 180 days after being enacted into law.

Statutes affected:
House Introduced Bill: 211.1, 211.155