Michigan Compiled Laws
Act 237 of 2022 - Residential Housing Facilities Act (207.951 - 207.966)
Section 207.959 - Determining Taxable Value of Each Qualified Residential Facility.

Sec. 9.
The assessor of each qualified local governmental unit in which there is a qualified residential facility with respect to which 1 or more certificates have been issued and are in force shall determine annually as of December 31 the taxable value of each qualified residential 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 taxable value of the property to which the application pertains.
History: 2022, Act 237, Imd. Eff. Dec. 13, 2022

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 207 - Taxation

Act 237 of 2022 - Residential Housing Facilities Act (207.951 - 207.966)

Section 207.951 - Short Title.

Section 207.952 - Definitions.

Section 207.953 - Residential Housing District; Establishment by Qualified Local Governmental Unit; Adoption of Resolution; Notice and Opportunity for Hearing; Findings and Determination.

Section 207.954 - Residential Housing Exemption Certificate; Application Requirements; Notice and Opportunity for Hearing.

Section 207.955 - Approval or Disapproval of Residential Housing Exemption Certificate.

Section 207.956 - Issuance of Residential Housing Exemption Certificate; Form; Contents; Effective Date; Maintenance of Record and Copies.

Section 207.957 - Exemption of Qualified Residential Facility From Tax; Duration of Force and Effect of Certificate; Commencement; Date of Issuance; Extension.

Section 207.958 - Separate Finding; Contents; Compliance; Requirements; Applicability; Exception.

Section 207.959 - Determining Taxable Value of Each Qualified Residential Facility.

Section 207.960 - Residential Housing Facility Tax; Determination of Amount; Exemption; Payment; Disbursements.

Section 207.961 - Lien.

Section 207.962 - Residential Housing Exemption Certificate; Revocation; Transfer to Subsequent Owner.

Section 207.963 - Transfer and Assignment of Certificate.

Section 207.964 - Status Report by Local Government.

Section 207.965 - Annual Report to Legislature.

Section 207.966 - Exemption Not Granted After December 31, 2027.