Sec. 9.
The assessor of each qualified local governmental unit in which there is a rehabilitated facility with respect to which 1 or more obsolete property rehabilitation exemption certificates have been issued and are in force shall determine annually as of December 31 the value and taxable value, both for real and personal property, of each rehabilitated facility separately, having the benefit of a certificate and upon receipt of notice of the filing of an application for the issuance of a certificate, shall determine and furnish to the local legislative body the value and the taxable value of the property to which the application pertains and other information as may be necessary to permit the local legislative body to make the determinations required by section 8(2).
History: 2000, Act 146, Imd. Eff. June 6, 2000
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 146 of 2000 - Obsolete Property Rehabilitation Act (125.2781 - 125.2797)
Section 125.2781 - Short Title.
Section 125.2782 - Definitions.
Section 125.2785 - Approval or Disapproval of Resolution; Forward Copies.
Section 125.2789 - Value and Taxable Value of Property; Annual Determination.
Section 125.2791 - Lien; Proceedings.
Section 125.2793 - Transfer and Assignment of Certificate.
Section 125.2794 - Report to Commission.
Section 125.2795 - Report to Legislative Committees.