HB 1242 Summary

• County treasurers must mail real estate tax statements to property owners on or before December 26 each year, displaying property valuation, mill levy, and tax obligations.

• Tax statements must include a three-column comparison showing property tax levies for the current taxable year and the two immediately preceding years, broken down by county, school district, city, and township.

• Tax statements must identify "legislative property tax relief" showing the dollar amount of property taxes paid through legislative appropriation under Chapter 57-64 for the current and two preceding taxable years.

• Failure to receive a tax statement does not relieve property owners of tax liability or extend the February 15 discount deadline.

• The act is effective for taxable years beginning after December 31, 2012.