October 10, 2007, Introduced by Rep. Young and referred to the Committee on Intergovernmental, Urban and Regional Affairs.
A joint resolution proposing an amendment to the state
constitution of 1963, by amending section 3 of article IX, to
increase the proportion of true cash value at which blighted
property may be assessed.
Resolved by the Senate and House of Representatives of the
state of Michigan, That the following amendment to the state
constitution of 1963, to increase the proportion of true cash value
at which blighted property may be assessed, 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 except as otherwise
provided in this section; and for a system of equalization of
assessments. For taxes levied in 2008 and each year after 2008, the
proportion of true cash value at which blighted property as defined
by law shall be assessed shall not exceed 75 percent. 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. 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.