MI HB5258

Requires assessors to mail notice to property owners of increases in tentative state equalized valuation or taxable value at least 10 days before board of review meeting.

Notice must include current and prior year taxable values, the difference between them, state equalized valuation, property classification, inflation rate, and a state tax commission explanation of the relationship between state equalized valuation and taxable value.

For property transfers in the immediately preceding year, notice must state that ownership was transferred and taxable value equals state equalized valuation.

For taxes levied after December 31, 2009, assessment notice must include statement informing property owners they may qualify for full or partial tax exemption if unable to pay taxes due to poverty, with instruction to contact local assessor's office.

Assessors may provide exemption notification in separate mailing made at least 10 days before board of review meeting instead of including it in the main assessment notice.