There is a newer version of the Michigan Compiled Laws
2015 Michigan Compiled Laws
Chapter 211 - Taxation of Real and Personal Property
Act 206 of 1893 THE GENERAL PROPERTY TAX ACT (211.1 - 211.157)***** 211.42a.amended THIS AMENDED SECTION IS EFFECTIVE JANUARY 11, 2016 *****
***** 211.42a THIS SECTION IS AMENDED EFFECTIVE JANUARY 11, 2016:: See 211.42a.amended *****
206-1893-ASSESSMENT-ROLL. ASSESSMENT ROLL. (211.24...211.27e)
- Section 211.24 Property tax assessment roll; time.
- Section 211.24a Tax rolls; preparation by county; expense.
- Section 211.24b Assessment based on taxable value; application.
- Section 211.24c Notice of increase in tentative state equalized valuation or tentative taxable value; contents; required information and forms; addressing and mailing assessment notice; effect of failure to send or receive assessment notice; calculation of tentative equalized valuation; model assessment notice form; statement; separate statement.
- Section 211.24d Structures or improvements approved for acquisition by governmental units; exemption; affidavit; false statement; notice of reoccupancy; noncompliance; condition for exemption.
- Section 211.24e Definitions; levying ad valorem property taxes for operating purposes; limitation; reduction; approving levy of additional millage rate; change in state equalized valuation of local governmental unit resulting from appeal; insufficiency of additional millage rate; public hearing; notice; establishing proposed additional millage rate before public hearing; calculating reductions in millage rates; amount used for substance abuse treatment programs; distribution to coordinating agency; applicability of section; effect of MCL 380.1211.
- Section 211.24f Proposal authorizing bond issuance or millage rate; ballot; maximum number of elections; submitting single question on renewal and additional millage.
- Section 211.25 Description of real property.
- Section 211.25a Real estate index number system.
- Section 211.26 Tax roll; description of personal property.
- Section 211.27 "True cash value" defined; considerations in determining value; indicating exclusions from true cash value on assessment roll; subsection (2) applicable only to residential property; repairs considered normal repairs, replacement, and maintenance; exclusions from real estate sales data; classification as agricultural real property; "present economic income" defined; applicability of subsection (5); "nonprofit cooperative housing corporation" defined; value of transferred property; “purchase price” defined; additional definitions; "standard tool" defined.
- Section 211.27a Property tax assessment; determining taxable value; adjustment; exception; "transfer of ownership" defined; qualified agricultural property; notice of transfer of property; applicability of subsection (10); definitions.
- Section 211.27b Failure to notify assessing office; adjustment.
- Section 211.27c Failure to notify assessing office; action to be taken by taxing unit.
- Section 211.27d Report by county equalization director.
- Section 211.27e Reports; transmission of information from affidavits; definitions.
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