MI SB0283

Amends MCL 211.30c to clarify that when a property's assessed value is reduced through a board of review protest, the assessor must use the reduced amount as the basis for the immediately succeeding year's assessment and taxable value calculation.

Specifies that after a property transfer, the taxable value in the year immediately succeeding the transfer shall be determined under section 27a(3) rather than using the reduced assessment as a baseline.

Applies the same reduced valuation rules when a taxpayer's state equalized valuation, assessed value, or taxable value is reduced through a final tax tribunal order during the same tax year as the appeal.

Establishes that after a property ownership transfer following a tax tribunal reduction, the taxable value shall be determined under section 27a(3) requirements.

Applies only to assessments for taxes levied after January 1, 1994, and excludes changes in assessment due to exemption claim protests.