Effective January 1, 2027 | Act 273

What changes

Allows taxing authorities to keep millage rates below the voter-approved maximum without the need to periodically raise—or “roll forward”—the rate simply to preserve the maximum approved by voters.

Voter's Perspective

This removes the current “use it or lose it” pressure associated with reassessment. Currently, local taxing bodies are required to levy the maximum authorized rate approved by voters at least once during the assessment period to retain that rate. With this amendment, however, the rate approved by voters is the maximum authorized rate for as long as the voter's have approved it.

Financial Impact

In cases where a taxing authority periodically levies the voter approved rate in order to ensure it retains that rate, but usually levies less than the maximum rate, taxpayers would save the difference between the lower rate and the maximum rate.