Bill Text: MI HJRJ | 2009-2010 | 95th Legislature | Introduced
Bill Title: Property tax; assessments; calculation of taxable value; revise. Amends sec. 3, art. IX of the state constitution.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-02-18 - Printed Joint Resolution Filed 02/18/2009 [HJRJ Detail]
Download: Michigan-2009-HJRJ-Introduced.html
HOUSE JOINT RESOLUTION J
February 17, 2009, Introduced by Rep. Cushingberry and referred to the Committee on Tax Policy.
A joint resolution proposing an amendment to the state
constitution of 1963, by amending section 3 of article IX, to limit
the increase in the taxable value of property following a transfer
of ownership.
Resolved by the Senate and House of Representatives of the
state of Michigan, That the following amendment to the state
constitution of 1963, to limit the increase in the taxable value of
property following a transfer of ownership, 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 1995 and each year
thereafter
through 2009, 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
For taxes levied in 1995 through 2009, 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.
For taxes levied in 2010 and each year thereafter, 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. For taxes levied in 2010 and each year
thereafter, when ownership of the parcel of property is transferred
as defined by law, the parcel shall be assessed at the parcel's
taxable value in the immediately preceding year adjusted by 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. 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.
