Section 211.26 – Tax Roll; Description of Personal Property.
211.26 Tax roll; description of personal property. Sec. 26. The description of personal property on said roll may be made by using the word “personal”. History: 1893, Act 206, Eff. June 12, 1893 ;– CL 1897, 3849 ;– CL 1915, 4020 ;– CL 1929, 3414 ;– CL 1948, 211.26 ;– Am. 1964, Act 275, Eff. […]
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.
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” […]
Section 211.27a – Property Tax Assessment; Determining Taxable Value; Adjustment; Exception; “Transfer of Ownership” Defined; Qualified Agricultural Property; Notice of Transfer of Property; Notification of Recorded Transaction; Definitions.
211.27a Property tax assessment; determining taxable value; adjustment; exception; “transfer of ownership” defined; qualified agricultural property; notice of transfer of property; notification of recorded transaction; definitions. Sec. 27a. (1) Except as otherwise provided in this section, property shall be assessed at 50% of its true cash value under section 3 of article IX of the […]
Section 211.27b – Failure to Notify Assessing Office; Adjustment.
211.27b Failure to notify assessing office; adjustment. Sec. 27b. (1) If the buyer, grantee, or other transferee in the immediately preceding transfer of ownership of property does not notify the appropriate assessing office as required by section 27a(10), the property’s taxable value shall be adjusted under section 27a(3) and all of the following shall be […]
Section 211.27c – Failure to Notify Assessing Office; Action to Be Taken by Taxing Unit.
211.27c Failure to notify assessing office; action to be taken by taxing unit. Sec. 27c. If the buyer, grantee, or other transferee in any preceding transfer of ownership of property does not notify the appropriate assessing office as required by section 27a(8), a taxing unit may sue that buyer, grantee, or other transferee as provided […]
Section 211.27d – Report by County Equalization Director.
211.27d Report by county equalization director. Sec. 27d. Not later than the fourth Monday in June in each year, the county equalization director for each county shall report all of the following to the state tax commission on a form prepared by the state tax commission: (a) Total taxable value of all property in the […]