MI HB4418

Requires assessors to place property eligible for Michigan Renaissance Zone Act exemptions, deductions, or credits on a separate assessment roll from the standard assessment roll prepared under section 24.

Specifies that for debt limitation calculations under the state constitution, the separate Renaissance Zone property assessment roll must be combined with the standard assessment roll.

Applies the same separate assessment roll requirement to property subject to payment in lieu of taxes under the Natural Resources and Environmental Protection Act.

Maintains existing property classification requirements and dispute resolution procedures, including notification to assessors and appeal rights to the March board of review and state tax commission.