MI HB6225

Requires the majority of all parcels in a business improvement zone, by both area and taxable value, to be assessable property (changes from benefit-based allocation requirement).

Adds weighted voting provisions allowing property owners' votes to be weighted by taxable value, assessed value, or other weighted basis if the zone contains no residential property, with a 25% cap on any single property owner's weighted vote.

Permits assessment allocation formulas based on taxable value or assessed value in addition to benefit-based approaches, and requires zone plans to specify the weighting system or state that votes will not be weighted.

Requires residential property owners within business improvement zones to receive notice of their eligibility for homestead deferments under 1976 PA 225 during assessment notification processes.

Modifies voting requirements for zone plan amendments, new qualifying periods, and zone dissolution to apply weighted voting when applicable under the zone plan.