Michigan § 207.783 Determination of assessed valuation of property benefiting from certificate and ad valorem property tax that would have been paid; notice.

Michigan Statutes

§ 207.783 — Determination of assessed valuation of property benefiting from certificate and ad valorem property tax that would have been paid; notice.

Michigan § 207.783

Ch. 207TAXATION

Act 147 of 1992NEIGHBORHOOD ENTERPRISE ZONE ACT (207.771-207.787)

This text of Michigan § 207.783 (Determination of assessed valuation of property benefiting from certificate and ad valorem property tax that would have been paid; notice.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 207.783 (2026).

Text

NEIGHBORHOOD ENTERPRISE ZONE ACT (EXCERPT) Act 147 of 1992 207.783 Determination of assessed valuation of property benefiting from certificate and ad valorem property tax that would have been paid; notice. Sec. 13.

(1)The assessor of each local governmental unit in which is located a homestead facility, a new facility, or a rehabilitated facility for which a neighborhood enterprise zone certificate is in effect shall determine annually, with respect to each homestead facility, new facility, or rehabilitated facility, the assessed valuation of the property comprising the facility having the benefit of a neighborhood enterprise zone certificate and the amount of ad valorem property tax that would have been paid with respect to each homestead facility, new facility, and rehabilitated facilit

Free access — add to your briefcase to read the full text and ask questions with AI

NEIGHBORHOOD ENTERPRISE ZONE ACT (EXCERPT) Act 147 of 1992 207.783 Determination of assessed valuation of property benefiting from certificate and ad valorem property tax that would have been paid; notice. Sec. 13. (1) The assessor of each local governmental unit in which is located a homestead facility, a new facility, or a rehabilitated facility for which a neighborhood enterprise zone certificate is in effect shall determine annually, with respect to each homestead facility, new facility, or rehabilitated facility, the assessed valuation of the property comprising the facility having the benefit of a neighborhood enterprise zone certificate and the amount of ad valorem property tax that would have been paid with respect to each homestead facility, new facility, and rehabilitated facility under the general property tax act, 1893 PA 206, MCL 211.1 to 211.155, if the certificate had not been in force, and the assessed valuation on which the neighborhood enterprise zone tax is based for a homestead facility or a rehabilitated facility. A holder of a certificate shall furnish to the assessor the information necessary for the determination. (2) After making the determinations under subsection (1), the assessor shall send annually notification of those determinations to the governing body of each taxing unit that levies taxes upon property in the local governmental unit in which the new facility or rehabilitated facility is located and the holder of the certificate for which the determination is made. The notice must be sent by certified mail not later than October 15 and must be based upon the valuation as of the immediately preceding December 31.