Sub HB 4440 - State Equalized Value Property Tax Increase - Michigan Key Vote

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Title: State Equalized Value Property Tax Increase

Vote Smart's Synopsis:

Vote to pass a bill allowing property tax assessments to transfer to new homeowners from March 1, 2007 to September 1, 2008.

Highlights:

- Exempts new property acquisitions between March 1, 2007 and September 1, 2008 from property tax increases due to State Equalized Value [Sec. 27a (Q)]. - Effective only with the passage of HB 4441 and HB 4215 (Enacting sec. 1).

Title: State Equalized Value Property Tax Increase

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

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