The bill amends the General Property Tax Act of 1893 by adding a new section, 42b, which encourages local tax collecting units in Michigan to provide free and easily accessible online information to the public. This information is aimed at prospective home buyers and includes details that predict the expected property tax liability associated with transferring ownership of real property that will be used as a principal residence. Additionally, the bill mandates the inclusion of contact information for the local assessor's office and guidance on how taxpayers can appeal property assessments, along with a current timeline for the appeals process.

The new provisions aim to enhance transparency and accessibility of property tax information, thereby assisting individuals in making informed decisions regarding property ownership. The bill is set to take effect 180 days after it is enacted into law.

Statutes affected:
House Introduced Bill: 211.1, 211.155