DETROIT (AP) — Blue Cross Blue Shield of Michigan said Thursday it could pay roughly $4 million annually in local property taxes with most going to the cash-strapped city of Detroit if the Legislature and Gov. Rick Snyder approve a proposed overhaul.

Michigan’s largest insurer estimates it would pay more than $2.6 million on four properties it owns in Detroit based on 2011 tax rates. The remainder would go to Lansing, Southfield, Grand Rapids Township, New Hudson, Marquette and Utica for properties there. The tax estimates are based on 2012 Blue Cross’ assets and do not include a property sold last fall in Traverse City.