HB 4949 Summary

• Increases the threshold for accelerating winter property taxes to summer collection from $100 to $500 per individual tax bill, allowing millages totaling $500 or less to be collected earlier in the fiscal year.

• Requires approval by the county board of commissioners, the local tax collecting unit's legislative body, and the county tax allocation board (if any) before implementing summer tax collection for previously winter-billed millages.

• Mandates notification to property owners within 60 days of approval, informing them which millages will be accelerated to summer collection if their total winter tax bill is $500 or less.

• Specifies that accelerated summer taxes become a lien on July 1 and are due that same date, with delinquency occurring if unpaid by March 1 and interest added if unpaid after September 14.

• Corrects a technical reference in the Brownfield Redevelopment Financing Act citation from MCL 125.2672 to MCL 125.2670.