City lawmakers set 2027 tax proportion increases up to five percent

The city’s local lawmakers determine the percentage increase in each property class’s current base proportion. This applies to a special assessing-unit city when it sets current base proportions for its 2027 fiscal year. The increase cannot be more than five percent. The city’s local lawmakers must make the determination by December 1, 2026.

The city takes steps to carry out the proportion rules, including revising proportions, resetting tax rates, and sending amended bills. This applies if the city sent 2027 property tax bills before the act became law. Installments due before amended bills are sent remain payable under the laws that applied before this act took effect. The city may choose when to send amended bills and which installments they show. The act takes effect immediately. The city chooses when to send amended bills and which installments they show.