2025 House Bill 4014

Property tax: assessments; transfer of ownership of certain real property to certain individuals; exempt from uncapping of taxable value upon transfer.

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.

AI Analysis – Experimental

The bill amends property tax assessment rules in Michigan, detailing how taxable values are calculated and adjusted, specifying conditions for non-taxable transfers, and defining responsibilities for reporting property ownership changes.