Bill
Bill > HB4397
MI HB4397
Property tax; tax tribunal; certain tribunal determinations in assessment disputes as to the valuation of property; require. Amends sec. 3 of 1973 PA 186 (MCL 205.703) & adds sec. 38.
summary
Introduced
03/22/2017
03/22/2017
In Committee
03/22/2017
03/22/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
99th Legislature
Bill Summary
Property tax; tax tribunal; certain tribunal determinations in assessment disputes as to the valuation of property; require. Amends sec. 3 of 1973 PA 186 (MCL 205.703) & adds sec. 38.
AI Summary
This bill amends the Tax Tribunal Act to require the tax tribunal, in assessment disputes over the true cash value of real or personal property, to make an independent determination and separately state its findings of fact and conclusions of law on various factors, including the property's market and demand, highest and best use, replacement or reproduction costs, and comparable properties. The bill also imposes requirements on the tribunal's consideration of the parties' stipulations and the evidence used to support its determinations, which must be made in accordance with generally accepted appraisal principles.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Bill Electronically Reproduced 03/22/2017 (on 03/23/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://legislature.mi.gov/doc.aspx?2017-HB-4397 |
| BillText | http://www.legislature.mi.gov/documents/2017-2018/billintroduced/House/htm/2017-HIB-4397.htm |
| Bill | http://www.legislature.mi.gov/documents/2017-2018/billintroduced/House/pdf/2017-HIB-4397.pdf |
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