Michigan HB4110 mandates seller disclosure statements to include yearly property taxes based on current assessed value.

Michigan HB4110 amends the seller disclosure statement to require it to reflect yearly property taxes based on the current assessed value of the property. This bill updates the disclosure statement form to include this financial information, ensuring prospective buyers have a clearer understanding of the property's tax obligations. The seller must provide this updated disclosure statement to any prospective buyer in connection with the sale of the property.

Michigan HB4110 mandates seller disclosure statements to include yearly property taxes based on current assessed value.

Michigan HB4110 amends the seller disclosure statement to require it to reflect yearly property taxes based on the current assessed value of the property. This bill updates the disclosure statement form to include this financial information, ensuring prospective buyers have a clearer understanding of the property's tax obligations. The seller must provide this updated disclosure statement to any prospective buyer in connection with the sale of the property.