SB 1304 Summary

• Amends MCL 211.34c to allow property owners and assessors to appeal the State Tax Commission's classification determination to the Michigan Tax Tribunal, removing the previous provision that made the Commission's determination final and binding.

• Expands the definition of "owner" in classification dispute procedures to include "owner of a property interest" in assessable property, broadening who may protest classifications.

• Maintains existing property classification system (agricultural, commercial, developmental, industrial, residential, timber-cutover for real property; agricultural, commercial, industrial, utility for personal property) and assessment procedures.

• Requires assessors to classify all assessable property by the first Monday in March annually and transmit tabulations to county equalization departments and the State Tax Commission.

• Allows the Michigan Department of Treasury to appeal property classifications to the Tax Tribunal's residential and small claims division by December 31 of the tax year.