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Due to changes the state enacted this year, your residents may ask a lot of questions about their 2012 property taxes. The League has produced a four-page illustrated brochure titled “What’s Going on with My Tax Bill?” to help explain these changes.
The brochure explains the state’s conversion of the market value homestead credit program (MVHC) to the new market value exclusion program (HMVE). It describes for residents the potential impact of the change on property taxes for 2012.
The brochure also includes answers to questions that city officials will likely hear from local property owners about the impact on non-residential properties and about other factors that affect property tax bills.
We encourage city officials to share the brochure with residents and business owners. The brochure is offered in two sizes and in black and white and color so you can print the format that works best for you: