Sec. 5.
The assessor of each local tax collecting unit in which there is transitional qualified forest property shall determine annually as of December 31 the value and taxable value of each parcel of transitional qualified forest property located in that local tax collecting unit.
History: 2016, Act 260, Imd. Eff. June 28, 2016
Structure Michigan Compiled Laws
Chapter 211 - Taxation of Real and Personal Property
Act 260 of 2016 - Transitional Qualified Forest Property Specific Tax Act (211.1091 - 211.1101)
Section 211.1091 - Short Title.
Section 211.1092 - Definitions.
Section 211.1093 - Exemption From Tax.
Section 211.1095 - Value and Taxable Value; Determination by Local Tax Assessor.
Section 211.1097 - Unpaid Taxes; Manner of Forfeiture, Foreclosure, and Sale.