Relates to classifying certain property held in cooperative form as class one properties for assessment purposes.
Property tax: assessments; sales of certain deed-restricted properties; prohibit the use of as comparable sales for assessment purposes in certain circumstances. Amends sec. 27 of 1893 PA 206 (MCL 211.27).
Property Tax Benefits for Residential Properties
Includes non-owner-occupied residential properties used for short-term rentals for tourist or transient use to be assessed as Class 2 properties on or after the assessment date of December 31, 2024.
Property Tax Benefits for Residential Properties
Classifies properties held in condominium and cooperative form for assessment purposes as class one-a properties; requires that the annual tax rate percentage change for class one-a properties does not exceed the annual tax rate percentage change for class one properties.
Classifies properties held in condominium and cooperative form for assessment purposes as class one-a properties; requires that the annual tax rate percentage change for class one-a properties does not exceed the annual tax rate percentage change for class one properties.
Homestead Property Tax Credit - Eligible Properties - Alteration
Homestead Property Tax Credit - Eligible Properties - Alteration
Provide for recreational land classification for property tax purposes