HB4052 — Property tax: assessments; transfer of ownership of certain real property to certain individuals; exempt from uncapping of taxable value upon transfer. Amends sec. 27a of 1893 PA 206 (MCL 211.27a).

HB4052 — Property tax: assessments; transfer of ownership of certain real property to certain individuals; exempt from uncapping of taxable value upon transfer. Amends sec. 27a of 1893 PA 206 (MCL 211.27a). · Informed CitizenryThis bill amends the General Property Tax Act regarding the assessment and taxable value of real property in Michigan. It specifies that property is generally assessed at 50% of its true cash value…Open in Informed Citizenry