September 17, 2013, Introduced by Reps. Lyons, Zorn, Foster, McMillin, Genetski, MacGregor, McBroom, Rendon, Shirkey, Price and Yonker 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 taxable value of property under certain
circumstances.
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 taxable value of
property under certain circumstances, 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, 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. However, for taxes levied
after 2013, the legislature shall provide that if a property's
assessed value has increased by less than both the general price
level and 5 percent or if a property's assessed value has
decreased, adjusted for additions and losses, the property's
taxable value in the immediately succeeding year shall be the
property's taxable value in the immediately preceding year adjusted
for additions and losses or the property's state equalized
valuation as determined by law, whichever is less. 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.
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.