January 22, 2007, Introduced by Rep. Hildenbrand and referred to the Committee on Agriculture.
A joint resolution proposing an amendment to the state
constitution of 1963, by amending section 3 of article IX, to
restrict the assessment of agricultural real property used in
agricultural operations.
Resolved by the Senate and House of Representatives of the
state of Michigan, That the following amendment to the state
constitution of 1963, to restrict the assessment of agricultural
real property used in agricultural operations, is proposed, agreed
to, and submitted to the people of the state:
ARTICLE IX
Sec. 3. The legislature shall provide for the uniform general
ad valorem taxation of real and tangible personal property not
exempt by law except for taxes levied for school operating
purposes. The legislature shall provide for the determination of
true cash value of such property; the proportion of true cash value
at which such property shall be uniformly assessed, which shall
not, after January 1, 1966, exceed 50 percent; and for a system of
equalization of assessments. For taxes levied in 2007 and each year
after 2007, the legislature shall provide for an assessment system
based upon agriculture use value for qualified agricultural
property as defined by law. The legislature shall provide for the
adjustment of taxable value as provided by law for property that
ceases to be qualified agricultural property as defined by law. For
taxes
levied in 1995 and each year thereafter after 1995, the
legislature shall provide that the taxable value of each parcel of
property adjusted for additions and losses, shall not increase each
year by more than the increase in the immediately preceding year in
the general price level, as defined in section 33 of this article,
or 5 percent, whichever is less until ownership of the parcel of
property is transferred. When ownership of the parcel of property
is transferred as defined by law, the parcel shall be assessed at
the applicable proportion of current true cash value. The
legislature may provide for alternative means of taxation of
designated real and tangible personal property in lieu of general
ad valorem taxation. Every tax other than the general ad valorem
property tax shall be uniform upon the class or classes on which it
operates. A law that increases the statutory limits in effect as of
February 1, 1994 on the maximum amount of ad valorem property taxes
that may be levied for school district operating purposes requires
the approval of 3/4 of the members elected to and serving in the
Senate and in the House of Representatives.
Resolved further, That the foregoing amendment shall be
submitted to the people of the state at the next general election
in the manner provided by law.