A bill to amend 1893 PA 206, entitled “The general property tax act,” by amending section 27a (MCL 211.27a), as amended by 2016 PA 375.
This bill proposes amendments to the 1893 PA 206, "The General Property Tax Act," specifically targeting section 27a (MCL 211.27a) to ensure properties are assessed at 50% of their true cash value as mandated by the state constitution. It aims to refine the process for adjusting taxable values after a property ownership transfer, including mechanisms for correcting taxable values if a transfer was incorrectly determined, and outlines exceptions to assessment rules for certain pre-1964 bonds.
Introduced
by
Referred to the Committee on Government Operations
