Introduced
by
To require the state Tax Tribunal (and indirectly, local property tax assessors) to assess “big box” stores based on standard "highest and best use" factors, rather than a lower value based on claims that the property would not be easily filled if vacant. The bill responds to store owners reportedly "gaming" the system by placing deed restrictions on closed stores that lower their market value (and tax assessment).
Referred to the Committee on Finance
