Bill Text: MI HB5202 | 2013-2014 | 97th Legislature | Introduced
Bill Title: Property tax; special assessments; certain special assessments placed on property; eliminate being placed as a lien on property. Amends sec. 7 of 1954 PA 188 (MCL 41.727).
Spectrum: Moderate Partisan Bill (Republican 9-2)
Status: (Passed) 2014-12-31 - Assigned Pa 429'14 With Immediate Effect 2014 Addenda [HB5202 Detail]
Download: Michigan-2013-HB5202-Introduced.html
HOUSE BILL No. 5202
December 12, 2013, Introduced by Reps. McCready, McMillin, Glardon, Crawford, Kesto, Forlini, Dianda, Bumstead, Hooker, McBroom and Kivela and referred to the Committee on Tax Policy.
A bill to amend 1954 PA 188, entitled
"An act to provide for the making of certain improvements by
townships; to provide for paying for the improvements by the
issuance of bonds; to provide for the levying of taxes; to provide
for assessing the whole or a part of the cost of improvements
against property benefited; and to provide for the issuance of
bonds in anticipation of the collection of special assessments and
for the obligation of the township on the bonds,"
by amending section 7 (MCL 41.727), as amended by 1986 PA 180.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 7. (1) The township board may provide that special
assessments are payable in 1 or more installments, but the amount
of an installment shall not be less than 1/2 of any subsequent
installment. The township board may provide that special assessment
payments shall be treated in and may be payable and collected in
the same manner as property taxes in the township. The amount of
each installment, if more than 1, need not be extended upon the
special assessment roll until after confirmation of that assessment
roll. Subject to the provisions of section 4(4), the amount of
installments for improvements subject to periodic cost revision may
be extended upon the special assessment roll by the township board
without additional public hearings or public notice, provided that
additional property is not added to the special assessment roll.
(2) The first installment of a special assessment shall be due
on or before the time after confirmation as the township board
shall fix. Subsequent installments shall be due at intervals of 12
months from the due date of the first installment or from a date
the township board shall fix.
(3) All unpaid installments, prior to their transfer to the
township tax roll as provided by this act, shall bear interest,
payable annually on each installment due date, at a rate to be set
by the township board, not exceeding 1% above the average rate of
interest borne by special assessment bonds issued by the township
in anticipation of all or part of the unpaid installments; or not
exceeding 1% above the average rate of interest borne by bonds
issued by a county, drainage district, or authority if the unpaid
installments are to be applied to the payment of a contract
obligation of the township to the county or authority or to the
payment of an assessment obligation of the township to the drainage
district; or, if bonds are not issued by the township, a county, a
drainage district, or an authority, not exceeding 8% per annum,
commencing in each case from a date fixed by the township board.
Future due installments of an assessment against any parcel of land
may be paid to the township treasurer at any time in full, with
interest accrued through the month in which the final installment
is paid.
(4) If an installment of a special assessment is not paid when
due, then the installment shall be considered to be delinquent and
there shall be collected, in addition to interest as provided by
this section, a penalty at the rate of not more than 1% for each
month, or fraction of a month, that the installment remains unpaid
before being reported to the township board for reassessment upon
the township tax roll.
