MI HB4681

Authorizes local taxing units to collect annual user fees from owners of qualified real property that received reduced tax assessments based on vacant property valuations despite being occupied and used for business purposes.

Defines qualified real property as real property whose taxable value was materially limited by a court or administrative tribunal decision using an assessment methodology that valued occupied, business-use property as if it were vacant.

User fee amount cannot exceed the additional property tax that would have been levied if the improper assessment methodology had not been applied.

User fees are collected at the same time and to the same officer as general property taxes, with all collected fees disbursed to the local taxing unit that provided the underfunded public services benefiting the qualified property.

Requires the assessor of the local tax collecting unit to determine the fee amount in a manner prescribed by the State Tax Commission.