SB1644

SB1644 amends the Property Tax Code to require tax bills to include information on tax increment financing districts and fair cash values.

SB1644 amends the Property Tax Code to mandate that tax bills include a statement for each tax increment financing (TIF) district in which the property is located, detailing the amount each taxing district would have received in the absence of the TIF district. For residential properties in the lowest assessment classification, the bill must also reflect the fair cash value. Additionally, the bill must inform taxpayers about potential tax exemptions and provide contact information for the chief county assessment officer. The changes take effect immediately upon becoming law.