What does Truth in Taxation (1982) require prior to a millage increase vote?

Prepare for the Michigan Property Tax Administration Exam. Get ready with flashcards and multiple choice questions that include hints and explanations. Ace your exam with confidence!

Truth in Taxation, enacted in Michigan in 1982, aims to provide transparency and accountability in the process of levying taxes. Specifically, it requires that before a millage increase vote can occur, there must be both a public notice and a public hearing. This requirement is designed to ensure that taxpayers are adequately informed about the proposed changes to their property tax rates and have the opportunity to voice their opinions or concerns.

The public notice serves as a formal communication to the community, detailing the proposed millage rate and the reasons for the increase, while the public hearing provides a platform for discussion, allowing taxpayers to engage with local officials. This process helps foster transparency in government and promotes civic engagement, ensuring that taxpayers can be involved in decisions that affect their finances.

In contrast, other options do not align with the mandated requirements set forth by the Truth in Taxation law, which emphasizes the necessity for both public notice and a hearing to promote accountability in the tax increase process.

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