Michigan property tax rules and regulations are monitored by the Michigan Department of Treasury. The Michigan Department of Treasury is principally responsible for the supervision and implementation of property tax regulations in Michigan.
For the purposes of property tax calculation, real estate or real property in Michigan are categorized into the following types:
Commercial real estate
Agricultural real estate
Developmental real estate
Residential real estate
Industrial real estate
The property tax in Michigan can be categorized into four principal types:
Ad valorem property tax
- Flat property tax
- Yield tax
- Severance tax
In Michigan, the property taxes are imposed on the basis of the valuation of the property. Furthermore to the personal and real property taxation, which are usually included in the general property tax at the local level, the local governments of Michigan also have the authority to impose three ad valorem taxes and the state government of Michigan has the authority to impose three ad valorem taxes. The registration taxes in Michigan are usually not related to property tax. However, due to the reason that the basis of collection of taxes on personal vehicles is their valuation, a part of the motor vehicle registration tax is considered to be eligible for property tax.
The local governments in Michigan have the authority to impose eight varying forms of particular taxes in place of property taxes that are ad valorem in nature. Many of these taxes have been innovated to function as economic growth devices so that the tax burden on the individual taxpayers is reduced.
The collection of property taxes in Michigan is performed by the cities and townships. The tax units falling under their jurisdiction include counties, special authorities, intermediate school districts and local school districts.
Contact Details:
Michigan Department of Treasury Headquarters
Lansing, Michigan 48922
Tel: (517) 636-5265
Fax: (517) 636-5245