Bill Text: MI HJRT | 2025-2026 | 103rd Legislature | Introduced
Bill Title: Property tax: assessments; uncapping of taxable value for certain transfers of property owned and used as a principal residence; eliminate. Amends sec. 3, art. IX of the state constitution. TIE BAR WITH: HJR T'26
Sponsorship: Partisan Bill (Republican 31)
Status: (Introduced) 2026-04-23 - Joint Resolution Electronically Reproduced 04/22/2026 [HJRT Detail]
Download: Michigan-2025-HJRT-Introduced.html
HOUSE JOINT RESOLUTION T
A joint resolution proposing an amendment to the state constitution of 1963, by amending section 3 of article IX, to limit the amount by which the taxable value of property owned and used as a principal residence may increase upon the transfer of that property.
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 amount by which the taxable value of property owned and used as a principal residence may increase upon the transfer of that property, is proposed, agreed to, and submitted to the people of the state:
article IX
Sec. 3. (1) 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, 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, except as otherwise provided in subsection (2), ownership of the parcel of property is transferred. When Except as otherwise provided in subsection (2), 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. 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.
(2) After December 31, 2025, a transfer of a parcel of property that is owned and used as a principal residence as defined by law does not result in an adjustment of its taxable value to the applicable proportion of current true cash value as described in subsection (1), and instead the taxable value of that parcel continues to be subject to the cap on taxable value described in subsection (1) for so long as the parcel is continuously owned and used as a principal residence. However, if that parcel of property ceases to be owned and used as a principal residence, it shall be assessed at the applicable proportion of current true cash value.
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.
