Introduced
by
To require the state Tax Tribunal to permit assessments on “big box” stores based more on "highest and best use" factors rather than a lower value based on claims that the property would not be easily filled if vacant. This refers to whether these large structures are uniquely less valuable if vacant than other commercial properties that are supposedly easier to use for other purposes. The bill also limits store owners from "gaming" the system by placing deed restrictions on closed stores that lower their value (and tax assessment).
Referred to the Committee on Tax Policy
