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.
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 […]
Section 211.24f – Proposal Authorizing Bond Issuance or Millage Rate; Ballot; Maximum Number of Elections; Submitting Single Question on Renewal and Additional Millage.
211.24f Proposal authorizing bond issuance or millage rate; ballot; maximum number of elections; submitting single question on renewal and additional millage. Sec. 24f. (1) If a taxing unit submits a proposal on the question of authorizing the issuance of bonds, imposing a new millage, or increasing or renewing an existing millage, except an ad valorem […]
Section 211.25 – Description of Real Property.
211.25 Description of real property. Sec. 25. (1) The description of real property may be as follows: (a) If the land to be assessed is an entire section, it may be described by the number of the section, township, and range. (b) If the tract is a subdivision of a section authorized by the United […]
Section 211.25a – Real Estate Index Number System.
211.25a Real estate index number system. Sec. 25a. An assessing officer, with the approval of the governing body of the city or township, may establish a real estate index number system for listing real estate for purposes of assessment and collection of taxes, in addition to, or in lieu of, the method of listing by […]
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” […]