MI SB0322

Beginning in 2013, millages previously collected as winter property taxes can be accelerated and collected as summer property taxes if the aggregate winter tax bill totals $100 or less per parcel, excluding administrative fees.

Summer acceleration requires approval by county board of commissioners, local tax collecting unit legislative body, and county tax allocation board, with property owners notified within 60 days.

Summer property taxes become due July 1 and are returned as delinquent on March 1 if unpaid; interest accrues after September 14 at the same rate as other delinquent property taxes.

Counties must establish a "revenue sharing reserve fund" based on December 2004 property tax levies, with restrictions on use limited to amounts previously received under the Glenn Steil state revenue sharing act, adjusted annually for inflation.

Treasurers collecting accelerated summer taxes must establish an "other levies reserve fund" and distribute revenues to local taxing authorities by December 1, with authority to issue supplemental winter bills for any shortfalls.