SB1125 — Property tax: assessments; the effect of certain limitations on the use of property, such as a restriction or easement in a deed, will, or other instrument; clarify relevance when assessing true cash value. Amends sec. 27 of 1893 PA 206 (MCL 211.27).

SB1125 — Property tax: assessments; the effect of certain limitations on the use of property, such as a restriction or easement in a deed, will, or other instrument; clarify relevance when assessing true cash value. Amends sec. 27 of 1893 PA 206 (MCL 211.27). · Informed CitizenryThe bill amends Michigan's general property tax act by revising the definition and calculation of "true cash value" for assessment purposes (MCL 211.27). The revised definition specifies that usual…Open in Informed Citizenry