2006 Michigan Compiled Laws - 206-1893-ASSESSMENT-ROLL.

THE GENERAL PROPERTY TAX ACT (EXCERPT)
Act 206 of 1893 ASSESSMENT ROLL.

Document	Description
Section 211.24	Property tax assessment roll; time; determining value of metallic mining properties and mineral rights; report of state geologist; certification by state tax commission; appeal.
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 § 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 maintenance; exclusions from real estate sales data; "present economic income" defined; applicability of subsection (4); value of transferred property; "purchase price" defined; net book value.
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.

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