March 22, 2011, Introduced by Senators GREEN, NOFS, HUNTER, MARLEAU, BOOHER, ROCCA, COLBECK, PAVLOV, PROOS, KAHN and EMMONS and referred to the Committee on Economic Development.
A bill to amend 1893 PA 206, entitled
"The general property tax act,"
by amending section 30c (MCL 211.30c), as amended by 1996 PA 476.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 30c. (1) If a taxpayer has the assessed value or taxable
value reduced on his or her property as a result of a protest to
the board of review under section 30, the assessor shall use that
reduced
amount as the basis for calculating the assessment assessed
value in the immediately succeeding year and as the basis for
calculating the taxable value as provided in section 27a. However,
the taxable value of that property in a tax year immediately
succeeding
a transfer of ownership of that property is that
property's
state equalized valuation in the year following the
transfer
as calculated under this section shall
be determined as
provided in section 27a(3).
(2) If a taxpayer appears before the tax tribunal during the
same tax year for which the state equalized valuation, assessed
value, or taxable value is appealed and has the state equalized
valuation, assessed value, or taxable value of his or her property
reduced pursuant to a final order of the tax tribunal, the assessor
shall
use the reduced state equalized valuation , or assessed
value
,
or taxable value as the basis for
calculating the assessment in
the immediately succeeding year and the reduced taxable value as
the basis for calculating the taxable value under section 27a.
However, the taxable value of that property in a tax year
immediately
succeeding a transfer of ownership of that property is
that
property's state equalized valuation in the year following the
transfer
as calculated under this section shall
be determined as
provided in section 27a(3).
(3) This section applies to an assessment established for
taxes levied after January 1, 1994. This section does not apply to
a change in assessment due to a protest regarding a claim of
exemption.