A bill to amend 1893 PA 206, entitled “The general property tax act,” by amending section 27 (MCL 211.27), as amended by 2022 PA 240.
The bill amends property tax assessment rules, clarifying true cash value definitions, excluding normal maintenance from value increases, and setting guidelines for nonprofit housing property transfers and standard tool valuations.
Introduced
by
Referred to the Committee on Finance, Insurance, and Consumer Protection
