March 18, 2010, Introduced by Reps. Kowall, DeShazor, Elsenheimer, Walsh, Marleau, Horn, Rick Jones, Tyler and Crawford and referred to the Committee on Tax Policy.
A joint resolution proposing an amendment to the state
constitution of 1963, by amending section 3 of article IX, to
revise the method for calculating the annual increase in taxable
value of property.
Resolved by the Senate and House of Representatives of the
state of Michigan, That the following amendment to the state
constitution of 1963, to revise the method for calculating the
annual increase in taxable value of property, 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; and for a system of
equalization of assessments. 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, the increase in the Detroit consumer price index,
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.