Senate Bill 483 mandates that property tax bills in Wisconsin include specific information from the local school district regarding reductions in state aid due to various parental choice programs and the Special Needs Scholarship Program. The bill requires that property tax bills detail the gross reduction in state aid for the previous and current years, along with the percentage change between those years. This requirement is contingent upon the occurrence of such a reduction.

Additionally, the bill stipulates that property tax bills must include a standardized insert that explicitly states the amount of the gross reduction in state aid for the current year, specifying the programs responsible for this reduction. It also notes that school districts had the option to increase property taxes to compensate for the loss of aid. This new provision aims to enhance transparency for taxpayers regarding the financial impacts of state aid reductions on their local school districts.