SB-0373, As Passed Senate, May 6, 2009

 

 

 

 

 

 

 

 

 

 

SUBSTITUTE FOR

 

SENATE BILL NO. 373

 

 

 

 

 

 

 

 

 

 

 

     A bill to amend 1893 PA 206, entitled

 

"The general property tax act,"

 

by amending section 24c (MCL 211.24c), as amended by 2003 PA 247.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 24c. (1) The assessor shall give to each owner or person

 

or persons listed on the assessment roll of the property a notice

 

by first-class mail of an increase in the tentative state equalized

 

valuation or the tentative taxable value for the year. The notice

 

shall begin with the words "NOTICE OF CHANGE IN TAXABLE AND

 

ASSESSED VALUE OF YOUR PROPERTY AND INFORMATION REGARDING YOUR

 

APPEAL RIGHTS", which shall be in the largest point type in the

 

notice. The notice shall specify each parcel of property, the

 

tentative taxable value for the current year, and the taxable value

 

for the immediately preceding year. The notice shall also specify

 

the time and place of the meeting of the board of review and

 

include information regarding the appeals process. The notice shall

 

also specify the difference between the property's tentative

 

taxable value in the current year and the property's taxable value

 

in the immediately preceding year.

 

     (2) The notice shall include, in addition to the information

 

required by subsection (1), all of the following:

 

     (a) The state equalized valuation for the immediately

 

preceding year.

 

     (b) The tentative state equalized valuation for the current

 

year.

 

     (c) The net change between the tentative state equalized

 

valuation for the current year and the state equalized valuation

 

for the immediately preceding year.

 

     (d) The classification of the property as defined by section

 

34c.

 

     (e) The inflation rate for the immediately preceding year as

 

defined in section 34d.

 

     (f) A statement provided by the state tax commission

 

explaining the relationship between state equalized valuation and

 

taxable value. If the assessor believes that a transfer of

 

ownership has occurred in the immediately preceding year, the

 

statement shall state that the ownership was transferred and that

 

the taxable value of that property is the same as the state

 

equalized valuation of that property.

 

     (3) When required by the income tax act of 1967, 1967 PA 281,

 

MCL 206.1 to 206.532, the assessment notice shall include or be

 

accompanied by information or forms prescribed by the income tax

 

act of 1967, 1967 PA 281, MCL 206.1 to 206.532.

 

     (4) The assessment notice shall be addressed to the owner

 

according to the records of the assessor and mailed not less than

 

10 days before the meeting of the board of review. The failure to

 

send or receive an assessment notice does not invalidate an

 

assessment roll or an assessment on that property.

 

     (5) The tentative state equalized valuation shall be

 

calculated by multiplying the assessment by the tentative equalized

 

valuation multiplier. If the assessor has made assessment

 

adjustments that would have changed the tentative multiplier, the

 

assessor may recalculate the multiplier for use in the notice.

 

     (6) The state tax commission shall prepare a model assessment

 

notice form that shall be made available to local units of

 

government.

 

     (7) The assessment notice under subsection (1) shall include

 

the following statement:

 

     "If you purchased your principal residence after May 1 last

 

year, to claim the principal residence exemption, if you have not

 

already done so, you are required to file an affidavit before May

 

1.".

 

     (8) For taxes levied after December 31, 2003, the assessment

 

notice under subsection (1) shall separately state the state

 

equalized valuation and taxable value for any leasehold

 

improvements.