HB5872 — Property tax: assessments; taxable value of transferred property; modify. Amends sec. 27a of 1893 PA 206 (MCL 211.27a).

HB5872 — Property tax: assessments; taxable value of transferred property; modify. 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 property in Michigan. It specifies that property must be assessed at 50% of its true cash value and outli…Open in Informed Citizenry