Property: land sales; seller disclosure statement; require to reflect yearly property taxes based on current assessed value of property. Amends sec. 7 of 1993 PA 92 (MCL 565.957).

HB 4110 requires home sellers in Michigan to include the current yearly property tax amount - based on the property's most recent assessed value - in the seller disclosure statement. This change directly affects residential property sellers and buyers by providing more accurate, up-to-date tax information during transactions. The bill amends Section 7 of the 1993 Seller Disclosure Act (MCL 565.957) to mandate this update, replacing outdated disclosure requirements. The key mechanism is updating the standard disclosure form to reflect annual taxes tied to the property’s current valuation, ensuring buyers receive precise financial data.